Waec Model Questions Vol1 2022 Economics Question 31

Practice objective / multiple choice question 31 from the 2022 Waec Model Questions Vol1 Economics examination.

Waec Model Questions Vol1 2022 Economics Objective / Multiple Choice Medium Difficulty
Question 31 WAEC_MODEL_QUESTIONS_VOL1 • 2022 • ECONOMICS • objective

In a country the total labour force is 2,000,000 persons. The overall unemployment rate is 12 %. Frictional unemployment accounts for 4 % of the labour force and structural unemployment for 3 % of the labour force. What is the cyclical unemployment rate (in %)?

Answer Options

A. 7
B. 8
C. 9
Correct Answer D. 5
Correct Answer
D
Correct Option:
5

About This Question

This is Waec Model Questions Vol1 2022 Economics Question 31. It is one of the objective questions from the 2022 Waec Model Questions Vol1 Economics examination.

Difficulty level: Medium .

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