Neco Model Questions Vol1 2021 Economics Question 11

Practice objective / multiple choice question 11 from the 2021 Neco Model Questions Vol1 Economics examination.

Neco Model Questions Vol1 2021 Economics Objective / Multiple Choice Medium Difficulty
Question 11 NECO_MODEL_QUESTIONS_VOL1 • 2021 • ECONOMICS • objective

In a country with a total population of \(20\,000\,000\), the labour‑force participation rate is \(60\%\). The unemployment rate is \(12\%\), of which \(40\%\) are structurally unemployed. How many persons are cyclically unemployed?

Answer Options

A. 960000
B. 720000
Correct Answer C. 864000
D. 1152000
Correct Answer
C
Correct Option:
864000

About This Question

This is Neco Model Questions Vol1 2021 Economics Question 11. It is one of the objective questions from the 2021 Neco Model Questions Vol1 Economics examination.

Difficulty level: Medium .

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