Neco Model Questions Vol1 2023 Economics Question 8
Practice objective / multiple choice question 8 from the 2023 Neco Model Questions Vol1 Economics examination.
In a country with a labour force of 3,000,000, the unemployment rate is 10\%. Of the unemployed, 40\% are frictionally unemployed and the remaining 60\% are structurally unemployed. A training programme reduces frictional unemployment by 25\% of its original amount, but structural unemployment rises by 10\% of its original amount because of skill‑mismatch. What is the new unemployment rate (in \% ) after the programme?
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About This Question
This is Neco Model Questions Vol1 2023 Economics Question 8. It is one of the objective questions from the 2023 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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