Neco Model Questions Vol1 2024 Economics Question 41
Practice objective / multiple choice question 41 from the 2024 Neco Model Questions Vol1 Economics examination.
The labour force is 5,000,000 persons and the unemployment rate is 12%. Of the unemployed, 40% are structural, 35% frictional and the rest cyclical. The government implements a stimulus that reduces cyclical unemployment by 20% of its current level. What is the new unemployment rate (to one decimal place) after the policy?
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About This Question
This is Neco Model Questions Vol1 2024 Economics Question 41. It is one of the objective questions from the 2024 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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