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Suppose that a country's annual growth rates were as follows over a 10-year period. Year Growth Rate 1 2 3 4 -3 -4 2 WOD

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Suppose that a country's annual growth rates were as follows over a 10-year period. Year Growth Rate 1 2 3 4 -3 -4 2 WOD W 10 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

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