Neco Model Questions Vol1 2021 Economics Question 22
Practice objective / multiple choice question 22 from the 2021 Neco Model Questions Vol1 Economics examination.
The labour force of a country is 10 million, with 1.2 million unemployed. Structural unemployment is known to be 0.4 million. The government implements a policy that reduces cyclical unemployment by 25% while leaving structural unemployment unchanged. What is the new unemployment rate (as a percentage)?
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About This Question
This is Neco Model Questions Vol1 2021 Economics Question 22. It is one of the objective questions from the 2021 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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