Neco 2017 Economics Question 21
Practice objective / multiple choice question 21 from the 2017 Neco Economics examination.
Last year the working‑age population was 5,000,000 and the labour‑force participation rate was \(60\%\). This year the participation rate increased to \(62\%\) and the unemployment rate fell by \(2\) percentage points from the previous year's rate of \(12\%\). Calculate the number of unemployed persons in the current year.
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About This Question
This is Neco 2017 Economics Question 21. It is one of the objective questions from the 2017 Neco Economics examination.
Difficulty level: Medium .
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