The unemployment rate U(t) varies with time. The table (from the Bureau of Labor Statistics) gives the
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The unemployment rate U(t) varies with time. The table (from the Bureau of Labor Statistics) gives the percentage of unemployed in the US labor force from 1993 to 2002.
(a) What is the meaning of U'(t)? What are its units?
(b) Construct a table of values for U'(t).
Transcribed Image Text:
t 1993 1994 1995 1996 1997 U(t) 6.9 6.1 5.6 5.4 4.9 t 1998 1999 2000 2001 2002 U(t) 4.5 4.2 4.0 4.7 5.8
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a Ut represents the rate of change of the unemployment rate ie how fast the unemployment rate is cha...View the full answer
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