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# 1. Suppose that a country’s annual growth rates were 5,3,4,-1,-2,2,3,4,6 and 3 inyearly sequence over a 10 year period. What was...

1. Suppose that a country’s annual growth rates were 5,3,4,-1,-2,2,3,4,6 and 3 inyearly sequence over a 10 year period. What was the country’s trend rate of growth over this period? Which set of years most clearly demonstrates an expansionary phase of the business cycle? Which set of years best illustrates a recessionary phase of the business cycle?

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What xxx the country’s xxxxx xxxx of growth xxxx xxxx period?

xxxxxx growth xxxx = xxxx xxxxx year

xxxxxx xx xxxx xxxxxxxxx

xxxxx set of years most xxxxxxx xxxxxxxxxxxx xx xxxxxxxxxxxx xxxxx of xxx xxxxxxxx cycle? Year 6,7, 8 & x

xxxxx xxx xx xxxxx xxxx illustrates a xxxxxxxxxxxx phase of the business cycle?= year 3,4 &x

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# xxxxxx

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxYear(X) | Annual xxxxxx xxxxxxxx | (X)^2 | xx |

1 | x | 1 | 5 |

2 | 3 | 4 | 6 |

3 | x | 9 | 12 |

4 | -1 | 16 | -4 |

5 | -2 | 25 | -10 |

6 | x | xx | 12 |

7 | x | xx | 21 |

x | x | 64 | 32 |

x | 6 | xx | xx |

10 | 3 | 100 | 30 |

xx | xx | xxx | 158 |

trend xxxx is Y= x +bX | |||

xxx xxxxxxx | |||

xxx x 55a x xxxx | |||

solving xxx two equations xx xxxx the a xxx b | |||

27= xxxxxxx x x | |||

xxx x 55a x 385b | |||

xxx x xx a xxxxx | |||

158 = xxx + xxxx | |||

a= xxxx and xx xxxx |

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# xxxxxx

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