Computation of unemployment rate and assume the share of, Ask an Expert

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Computation of unemployment rate

Assume the share of whites in the labour force is 82% and the unemployment rate among whites is 6.5% the share of non-whites in the labour force is 18% with an unemployment rate among non-whites is 12%. What is the overall unemployment rate?

a) 8.5%

b) 9.5%

c) 10.0%

d) 7.5%

e) 14.5%

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