Consider the following data that identifies real GDP in comparison to the long-run trend of real GDP to answer the questions that follow.

-How many quarters did this economy spend in a recession?
A) eight
B) four
C) two
D) six
E) seven

Question

Consider the following data that identifies real GDP in comparison to the long-run trend of real GDP to answer the questions that follow.
 
-How many quarters did this economy spend in a recession?
A) eight 
B) four 
C) two 
D) six 
E) seven

Quizplus · Accepted Answer

A recession is typically defined as two consecutive quarters of negative GDP growth.

Consider the Following Data That Identifies Real GDP in Comparison