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A country’s annual growth rates over a 10-year period are shown in the following table. Year Growth Rate 1 5 2 3 3 4 4 -2 5 -3 6 3 7 4 8 5 9 6 10 2 What was the country’s trend rate of growth over this period? Instruction: Round your answer to one decimal place. The trend rate of growth = percent Which set of years most clearly demonstrates an expansionary phase of the business cycle? Years through Which set of years best illustrates a recessionary phase of the business cycle? Years through

Business Economics, Economics

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