)Suppose that the annual rates of growth of real GDP of Econoland over a five-year period are as follows:   Year Growth Rate (%) 1 3 2 1 3 – 2 4 4 5 5   Instructions: Round your answers to 2 decimal places.   a. What was the average of these growth rates in Econoland over these 5 years?          b. What term would economists use to describe what happened in year 3?           (Click to select)   Expansion   Recession    c. If the growth rate in year 3 had been a positive 2 percent rather than a negative 2 percent, what would have been the average growth rate?

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