Multiple Choice
Assume the share of whites in the labor force is 86% and their unemployment rate is 6%; the share of non-whites in the labor force is 14% with an unemployment rate of 11%.What is the overall unemployment rate?
A) 6) 3%
B) 6) 7%
C) 7) 4%
D) 8) 2%
E) 8) 5%
Correct Answer:
Verified
Correct Answer:
Verified
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