In general, economists define a recession as ______ or more consecutive three-month periods of decline in a country's gdp.

1 answer:

3 0

In general, economists define a recession as TWO or more consecutive three-month periods of decline in a country's GDP.

This is further explained below.

Generally, Economists, in general, agree that a nation is considered to be in a recession when its GDP has decreased for TWO or more consecutive periods of three months.

In conclusion, The gross domestic product (GDP) of a nation is a monetary measurement that is based on the market value of all of the final products and services that are produced in that nation during a certain time period.

Before being regarded as a trustworthy indication, this measure often undergoes revision because of the complexity and subjectivity inherent in its design.

You might be interested in

The ______ process consists of the analyses, decisions, and actions an organization undertakes in order to create and sustain co

Natali [406]

Strategic management

7 0

2 years ago

Another name for nondisclosure is

ladessa [460]

Answer: confidentiality agreement (CA)

5 0

2 years ago

In the context of ABC inventory analysis, which of the following statements is true of class A items? a. They are best managed b

vlabodo [156]

Answer:

c. They account for a larger dollar value than class C items

Explanation:

The ABC inventory analysis is a method of classifying inventory in three main groups: A, B and C, where group A items include items that are most valuable and group C items the least valuable ones.

Conceptually similar to the Pareto principle, this method revolves around the fact businesses should focus on a limited scope of products, services or procedures that bring the most profit in comparison to other products/services.

Since group A items are critical to supply chain success, they require close monitoring by the operations managers and are rarely managed by wholly automated systems.

Like in the Pareto principle, A items usually have 10-20% share in the total item share, while they bring 70-80% of total profit.

5 0

2 years ago

Why is the study of finance important?

Nastasia [14]

Answer:

Studying finance can prepare you not only for careers in the financial services sector, but also for tasks in your everyday life. ... And because finance revolves around planning and analysis, studying finance and becoming more financially literate enables people to make better personal financial decisions.

7 0

3 years ago

Kendrick's job responsibilities have recently been changed as part of a decentralization effort taking place at his office. He h

lakkis [162]

Answer:

This is an example of Job enrichment

Explanation:

Job enrichment means that jobs are restructured or redesigned by adding higher levels of responsibility. This practice includes giving people not only more tasks but higher-level ones, such as when decisions are delegated downward and authority is decentralized.

3 0

3 years ago