Macroeconomics—European Unemployment: Suppose an economist wishes to examine the unemployment rate in the middle of the first decade of the 21st century. The unemployment rate in Bulgaria from 2000 to 2010 can be modeled by
f(x) = 0.08x3 − 1.24x2 + 3.34x + 15.37 0 ≤ x ≤ 10
where x represents the number of years since 2000 and f(x) represents the unemployment rate as a percentage. (Source: Google Public Data.) Use the model to determine the rate of change in the Bulgarian unemployment rate in 2005.
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