Gce Model Questions Vol1 2025 Economics Question 8

Practice objective / multiple choice question 8 from the 2025 Gce Model Questions Vol1 Economics examination.

Gce Model Questions Vol1 2025 Economics Objective / Multiple Choice Medium Difficulty
Question 8 GCE_MODEL_QUESTIONS_VOL1 • 2025 • ECONOMICS • objective

In an economy the labour force is 20 million and the actual unemployment rate is 9 %. Structural unemployment is 2.5 % and frictional unemployment is 1.5 %. Determine the cyclical unemployment rate and the number of people unemployed cyclically.

Answer Options

A. 4% (800,000 people)
B. 3.5% (700,000 people)
Correct Answer C. 5% (1,000,000 people)
D. 6% (1,200,000 people)
Correct Answer
C
Correct Option:
5% (1,000,000 people)

About This Question

This is Gce Model Questions Vol1 2025 Economics Question 8. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Economics examination.

Difficulty level: Medium .

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