Neco 2019 Economics Question 29
Practice objective / multiple choice question 29 from the 2019 Neco Economics examination.
The labour force of a country is 20 million workers. The observed unemployment rate is 9 %. Frictional unemployment accounts for 2 % and structural unemployment for 2.5 % of the labour force. Calculate the number of people who are cyclically unemployed (in millions, to one decimal place).
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About This Question
This is Neco 2019 Economics Question 29. It is one of the objective questions from the 2019 Neco Economics examination.
Difficulty level: Medium .
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