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Please help 1. Suppose that the annual rates of growth of real GDP in Econoland over a ve- year period were sequentially as follows: 3

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1. Suppose that the annual rates of growth of real GDP in Econoland over a ve- year period were sequentially as follows: 3 percent, 1 percent, 2 percent, 4 percent, and 5 percent. What was the average of these growth rates in Econoland over these ve years? What term would economists use to describe what happened in year 3? If the growth rate in year 3 had been a positive 2 percent rather than a negative 2 percent, what would have been Econoland's average growth rate over the ve years

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