Neco 2020 Economics Question 49
Practice objective / multiple choice question 49 from the 2020 Neco Economics examination.
In a country the labour force is 8 million and the unemployment rate is 12%. Of the unemployed, 40% are structurally unemployed and the rest are cyclical. A new policy cuts cyclical unemployment by half while structural unemployment remains unchanged. What is the new unemployment rate (to one decimal place)?
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About This Question
This is Neco 2020 Economics Question 49. It is one of the objective questions from the 2020 Neco Economics examination.
Difficulty level: Medium .
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