Neco Model Questions Vol1 2025 Economics Question 40
Practice objective / multiple choice question 40 from the 2025 Neco Model Questions Vol1 Economics examination.
In a country with a labour force of 8 million, the unemployment rate is 14 %. Of the unemployed, 30 % are frictionally unemployed, 40 % are structurally unemployed and the remainder are cyclically unemployed. Calculate (a) the number of cyclically unemployed persons, and (b) the cyclical unemployment rate as a percentage of the total labour force.
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This is Neco Model Questions Vol1 2025 Economics Question 40. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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