Gce Model Questions Vol1 2018 Economics Question 45
Practice objective / multiple choice question 45 from the 2018 Gce Model Questions Vol1 Economics examination.
In an economy with a labour force of 20 million, the current unemployment is 2 million (10%). Of this unemployment, 60% is structural and 40% frictional. A training programme reduces structural unemployment by 15% and creates 0.5 million new jobs that are taken by frictionally unemployed workers. What is the new unemployment rate after the programme?
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About This Question
This is Gce Model Questions Vol1 2018 Economics Question 45. It is one of the objective questions from the 2018 Gce Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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