Waec Model Questions Vol1 2019 Economics Question 43
Practice objective / multiple choice question 43 from the 2019 Waec Model Questions Vol1 Economics examination.
In a country the total labour force is 8 million. The natural rate of unemployment is 6 %. Because of a recession the actual unemployment rate rose to 12 %. The government launches a job‑creation programme that reduces cyclical unemployment by 40 % over the next two years, while the natural rate remains unchanged. Assuming the labour force stays at 8 million, what will be the unemployment rate after the two‑year programme?
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About This Question
This is Waec Model Questions Vol1 2019 Economics Question 43. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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