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4vir4ik [10]
2 years ago
12

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

Business
1 answer:
Lelu [443]2 years ago
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.

<h3>What is GDP?</h3>

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.

Read more about GDP

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