Neco 2022 Economics Question 32
Practice objective / multiple choice question 32 from the 2022 Neco Economics examination.
In a country the total labour force is 5,000,000 and the unemployment rate is 12%. Of the unemployed, 40% are structurally unemployed while the remainder are frictionally unemployed. A training programme reduces the number of structurally unemployed workers by 25% and the government creates 50,000 new jobs that are taken up by frictionally unemployed workers. What is the new unemployment rate (to one decimal place)?
Answer Options
About This Question
This is Neco 2022 Economics Question 32. It is one of the objective questions from the 2022 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.