Neco 2017 Economics Question 39
Practice objective / multiple choice question 39 from the 2017 Neco Economics examination.
In a country with a labour force of 10 million, the current unemployment rate is 12%. Of the unemployed, 2% of the labour force are frictionally unemployed and 3% are structurally unemployed. Calculate the number of people who are cyclically unemployed and express this as a percentage of the total labour force.
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About This Question
This is Neco 2017 Economics Question 39. It is one of the objective questions from the 2017 Neco Economics examination.
Difficulty level: Medium .
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