Calculate the overall unemployment rate


Question: Suppose the share of whites in the labor force is 82 percent and the unemployment rate among whites is 6.5 percent; the share of non-whites in the labor force is 18 percent with an unemployment rate among non-whites is 12 percent. Calculate the overall unemployment rate? 

[A]   10.0%

[B]   7.5%

[C]   14.5%

[D]   8.5%

[E]   9.5%

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Finance Basics: Calculate the overall unemployment rate
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