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Question
Submitted by latgor on Wed, 2012-09-05 16:29
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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...

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 -3 5 -4 6 2 7 3 8 4 9 6 10 3

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?

Answer
Submitted by shahimermaid on Wed, 2012-09-05 18:55
teacher rated 378 times
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xxxxxx

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
xy xxxxxxx xy
xxxx xxxxxx xxxx
1 5 xx 81xx -45
23-7499 -21
3 4xx25xx-20
x x -3 9x-9
5x-1 x16xx
xx114 2
73 3x99
x 4 5xx16xx
x 67 49 36 42
xx 39 xxxxx
totalxxx 330 149 x
xxxxxxxxxx xxxxxxxxxxx = x x xx 
Slope(b) x (NΣXY - xxxxxxxxxxx x xxxxxx x (ΣX)2)xxxxx x xx x xx xx x x x xx x xxxx (0)^2 = xxxxx
Intercept(a) = (ΣY x xxxxxxx / xxxxxxxxxx x xx xxxxxx x0/10 x 3.7
xxxxx linegrowth xxxxx 3.7 + 0.003 xxxx
expansionary phase xx observed in xxxx xxx & 8
recessionary xxxxx xx seen in year xxx & 5 & x

xxxxxx

Sheet3


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