Neco Model Questions Vol1 2020 Economics Question 31
Practice objective / multiple choice question 31 from the 2020 Neco Model Questions Vol1 Economics examination.
In an economy the actual unemployment rate is \(12\%\). The frictional unemployment rate is one‑third of the structural unemployment rate, and the cyclical unemployment rate is \(2\) percentage points higher than the frictional rate. The natural rate of unemployment (frictional plus structural) is \(8\%\). What is the structural unemployment rate (in \% )?
Answer Options
About This Question
This is Neco Model Questions Vol1 2020 Economics Question 31. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.