Waec Model Questions Vol1 2021 Economics Question 42
Practice objective / multiple choice question 42 from the 2021 Waec Model Questions Vol1 Economics examination.
An economy has a labour force of 20 million people and an unemployment rate of 8% at the start of the year. During the year the government creates 500,000 jobs and, at the same time, 200,000 workers retire and leave the labour force, all of whom were previously employed. What is the unemployment rate at the end of the year?
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About This Question
This is Waec Model Questions Vol1 2021 Economics Question 42. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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