If a country experiences a negative growth rate in real GDP, it means:
A) people are producing less than they did the year before.
B) the economy is shrinking.
C) there are less goods to allocate in the economy than before.
D) All of these statements are true.

Question

Quizplus · Accepted Answer

A negative growth rate in real GDP indicates that the economy is shrinking, people are producing less, and there are fewer goods to allocate compared to the previous year.

If a Country Experiences a Negative Growth Rate in Real