Refer to the information for this hypothetical economy provided in Table 20.1 below to answer the question(s) that follow.
Table 20.1
2014 2015 2016

-Refer to Table 20.1. In this economy, a trough existed around the
A) fourth quarter of the year 2015
B) fourth quarter of the year 2014.
C) second quarter of the year 2015.
D) third quarter of the year 2016.

Question

Refer to the information for this hypothetical economy provided in Table 20.1 below to answer the question(s) that follow.
Table 20.1
2014 2015 2016
 
-Refer to Table 20.1. In this economy, a trough existed around the
A) fourth quarter of the year 2015 
B) fourth quarter of the year 2014. 
C) second quarter of the year 2015. 
D) third quarter of the year 2016.

Quizplus · Accepted Answer

A trough is a period of low economic activity. In Table 20.1, the GDP growth rate was negative in the fourth quarter of 2015, indicating a trough.

Refer to the Information for This Hypothetical Economy Provided in Table