Neco Model Questions Vol1 2018 Economics Question 12
Practice objective / multiple choice question 12 from the 2018 Neco Model Questions Vol1 Economics examination.
The labour force of a country is 5,000,000 persons. The current unemployment rate is 12%. Structural unemployment accounts for 4% of the labour force and frictional unemployment for 2% of the labour force.\n\nIf all cyclical unemployment is eliminated, what will be the new unemployment rate (in %)?
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About This Question
This is Neco Model Questions Vol1 2018 Economics Question 12. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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