Waec Model Questions Vol1 2020 Economics Question 50
Practice objective / multiple choice question 50 from the 2020 Waec Model Questions Vol1 Economics examination.
A country has a labour force of 10 million and an unemployment rate of 8 %. The government expects to create 150 000 new jobs in the next year, while the labour force is projected to grow by 2 % annually. Structural unemployment is assumed to remain at 2 % of the labour force. Assuming all new jobs are filled by unemployed workers, what will be the unemployment rate after one year? (Give your answer to one decimal place.)
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About This Question
This is Waec Model Questions Vol1 2020 Economics Question 50. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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