Which of the Following Is the Basis for Calculating HDD

question 6

Multiple Choice

Which of the following is the basis for calculating HDD and CDD?

• A) The average temperature during the day
• B) The average of the highest and lowest temperature during the day
• C) The temperature at 12 noon during the day
• D) None of the above

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Definitions:

Cyclical Unemployment

The deviation of unemployment from its natural rate.

Natural Rate

The rate of any economic activity that is considered to be sustainable in the long term without causing inflation; often used in the context of unemployment.

Natural Rate

The equilibrium rate of unemployment or interest when the economy is operating at a full capacity without short-term fluctuations.

Natural Rate

A concept referring to the level of economic activity or rate (such as unemployment) that corresponds to the economy's long-term potential or equilibrium state.