If given a set of data such as the following: 2015 2016 2017 6.22% 7.50% 9.32% where column one is the year and column 2 is the unemployment rate, is the NATURAL unemployment rate calculated with a midpoint formula or an average of the data?

If given a set of data such as the following: 2015 2016 2017 6.22% 7.50% 9.32% where column one is the year and column 2 is the unemployment rate, is the NATURAL unemployment rate calculated with a midpoint formula or an average of the data?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

If given a set of data such as the following:
2015
2016
2017
6.22%
7.50%
9.32%
where column one is the year and column 2 is
the unemployment rate, is the NATURAL
unemployment rate calculated with a
midpoint formula or an average of the data?

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