3 Suppose that a country's annual growth rates were as follows over a 10-year period. Stripped 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 4 Assume the following data for a country: Number of people Category (millions ) Total population 500 Population under 15 years of age or institutionalized 120 04:52:59 Not in labor force 140 Unemployed 24 Part-time workers looking for full-time jobs 10 Instructions: Enter whole numbers for your answers below. What is the size of the labour force? million What is the official unemployment rate? %