Neco Model Questions Vol1 2021 Economics Question 16
Practice objective / multiple choice question 16 from the 2021 Neco Model Questions Vol1 Economics examination.
In Year 1 the labour force was \(200\,000\) persons and the unemployment rate was \(7\%\). After a recession the labour force grew by \(5\%\) and the unemployment rate rose to \(12\%\). The natural rate of unemployment is unchanged at \(6\%\). What is the increase in the number of persons who are cyclically unemployed between the two periods? Give your answer as an integer.
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About This Question
This is Neco Model Questions Vol1 2021 Economics Question 16. It is one of the objective questions from the 2021 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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