Neco Model Questions Vol1 2017 Economics Question 22
Practice objective / multiple choice question 22 from the 2017 Neco Model Questions Vol1 Economics examination.
The overall unemployment rate in a country is \(12\%\). It is known that structural unemployment accounts for \(4\%\) and frictional unemployment for \(3\%\). The remaining unemployment is cyclical. If a new policy reduces cyclical unemployment by \(40\%\) of its original level, what is the new overall unemployment rate?
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About This Question
This is Neco Model Questions Vol1 2017 Economics Question 22. It is one of the objective questions from the 2017 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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