Neco Model Questions Vol1 2023 Economics Question 6
Practice objective / multiple choice question 6 from the 2023 Neco Model Questions Vol1 Economics examination.
The labour force of a country is 2,500,000 persons, of whom 200,000 are unemployed. A government training programme reduces the number of unemployed persons by \(15\%\) of the original unemployed, and at the same time 30,000 persons who were previously not in the labour force enter the labour force and are all employed. What is the new unemployment rate (in \% ) expressed to two decimal places?
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About This Question
This is Neco Model Questions Vol1 2023 Economics Question 6. It is one of the objective questions from the 2023 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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