Neco 2018 Economics Question 34
Practice objective / multiple choice question 34 from the 2018 Neco Economics examination.
A country's labour force is 12 million, of which 9.6 million are employed. Of the unemployed, 30 % are frictionally unemployed and the rest are structurally unemployed. There are 0.4 million job vacancies. Calculate (i) the unemployment rate, (ii) the structural unemployment rate, and (iii) the vacancy‑unemployment ratio. Express rates as percentages to two decimal places and the ratio to two decimal places.
Answer Options
About This Question
This is Neco 2018 Economics Question 34. It is one of the objective questions from the 2018 Neco Economics examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.