Neco Model Questions Vol1 2019 Economics Question 26
Practice objective / multiple choice question 26 from the 2019 Neco Model Questions Vol1 Economics examination.
A country has a labour force of 12 million people and an unemployment rate of 8%. Of the unemployed, 60% are structural, 25% are frictional and the rest are cyclical. The government plans to reduce structural unemployment by 20% through training programmes and frictional unemployment by 30% through improved job‑matching, while cyclical unemployment remains unchanged. What will be the new overall unemployment rate (to one decimal place)?
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About This Question
This is Neco Model Questions Vol1 2019 Economics Question 26. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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