Neco Model Questions Vol1 2018 Economics Question 16
Practice objective / multiple choice question 16 from the 2018 Neco Model Questions Vol1 Economics examination.
The labour force of a country is 2,000,000 persons and the current unemployment level is 200,000 persons. Structural unemployment accounts for 60% of the total unemployed while frictional unemployment makes up the remaining 40%. A government training programme reduces structural unemployment by 25% of its existing number. What is the new unemployment rate (in percent) after the programme?
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About This Question
This is Neco Model Questions Vol1 2018 Economics Question 16. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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