Neco 2019 Economics Question 42

Practice objective / multiple choice question 42 from the 2019 Neco Economics examination.

Neco 2019 Economics Objective / Multiple Choice Medium Difficulty
Question 42 NECO • 2019 • ECONOMICS • objective

The labour force of Country Y is 10 million. The unemployment rate is 12\%, of which 4\% is frictional and 3\% is structural. What is the cyclical unemployment rate (as a percentage of the labour force)?

Answer Options

A. 9
Correct Answer B. 5
C. 4
D. 8
Correct Answer
B
Correct Option:
5

About This Question

This is Neco 2019 Economics Question 42. It is one of the objective questions from the 2019 Neco Economics examination.

Difficulty level: Medium .

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