Gce Model Questions Vol1 2021 Economics Question 43
Practice objective / multiple choice question 43 from the 2021 Gce Model Questions Vol1 Economics examination.
In an economy the labour force is 12 million and employment is 10.5 million. The government introduces a policy that reduces structural unemployment by 0.5 % of the labour force but, as a side‑effect, raises the labour‑force participation rate by 0.2 % of the current labour force. Assuming the new entrants are initially unemployed, what is the new unemployment rate (to one decimal place)?
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About This Question
This is Gce Model Questions Vol1 2021 Economics Question 43. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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