Neco 2024 Economics Question 9
Practice objective / multiple choice question 9 from the 2024 Neco Economics examination.
A country has a labour force of 12 million workers. The natural rate of unemployment is 5%. Because of a recession, the actual unemployment rate rises to 9%. The government launches a job‑creation programme that reduces cyclical unemployment by 1.5 percentage points. What is the new unemployment rate after the programme?
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About This Question
This is Neco 2024 Economics Question 9. It is one of the objective questions from the 2024 Neco Economics examination.
Difficulty level: Medium .
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