Neco Model Questions Vol1 2025 Economics Question 16
Practice objective / multiple choice question 16 from the 2025 Neco Model Questions Vol1 Economics examination.
In a country the labour force is 10 million and the overall unemployment rate is 8%. Structural unemployment accounts for 2% of the labour force and frictional unemployment accounts for 1.5% of the labour force. Assuming only structural, frictional and cyclical unemployment exist, calculate the cyclical unemployment rate (in percent).
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About This Question
This is Neco Model Questions Vol1 2025 Economics Question 16. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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