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1. The following table presents data from the 2020 U.S. Current Population Survey on: (i) labor force shares at different levels of educational attainment, separately
1. The following table presents data from the 2020 U.S. Current Population Survey on: (i) labor force shares at different levels of educational attainment, separately for Hispanics and Asians; and (ii) average unemployment rates at different levels of educational attainment, separately for Hispanics and Asians. Educational attainment Unemployment AsUnemployment share rate (%) share rate (%) Less than a hizh school de: ee Exac a hi school de nos _I Some colle e or associates de ee -_- Exactly a 4-year college degree .162 .354 Advanced college degree .078 J 4.7 .320 4.3 a What was the overall rate of unemployment among Hispanics in the U.S. in 2020? b. What was the overall rate of unemployment among Asians in the U.S. in 2020'? c. What was the Hispanic-Asian gap in unemployment rates in the U.S. in 2020? d How much of the overall Hispanic-Asian gap in the unemployment rate would be statistically explained by the Hispanic-Asian differences in educational attainment, if both ethnic groups had the education-specic unemployment rates of Hispanics? c. How much of the overall Hispanic-Asian gap in the unemployment rate would be statistically explained by the Hispanic-Asian differences in educational attainment, if both ethnic groups had the education-specic unemployment rates of Asians? f. Based on your answers in (d) and (e), is the Hispanic-Asian gap in unemployment rates mostly explained by differences in educational attainment between the two ethnic groups or by differences in unemployment rates between the two ethnic groups at the same levels of educational attainment? g. Briey describe how the distributions of educational attainment differ between Hispanics and Asians in the U.S. What are some plausible explanations for these differences? h. Briey describe how unemployment rates at the same level of educational attainment differ between Hispanics and Asians in the U.S. What are some plausible explanations for these differences
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