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4vir4ik [10]
1 year 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]1 year 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

brainly.com/question/15682765

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You might be interested in
A theater group made appearances in two cities. The hotel charge before tax in the second city was $500 lower than in the first.
Naddika [18.5K]

Answer:

Hotel charge in city 1= $5,250

Hotel charge in city 2= $4,750

Explanation:

A theater group made an appearance in two cities.

Let x represent the amount charged in the first city

Let y represent the amount charged in the second city

The hotel charge before tax in the first city is $500 lower than the second city

y= x-500......equation 1

The tax in the first city is 8%

= 8/100

= 0.08

The tax in the second city is 8.5%

= 8.5/100

= 0.085

0.08x + 0.085y= 823.75.........equation 2

Substitute (x-500) for y in equation 2

0.08x + 0.085(x-500)= 823.75

0.08x + 0.085x - 42.5= 823.75

Collect the like terms

0.08x + 0.085x= 823.75+42.5

0.165x= 866.25

x= 866.25/0.165

x = 5,250

Substitute 5250 for x in equation 1

y= x-500

y= 5,250-500

y= 4,750

Hence the hotel charge in city 1 is $5,250 and the hotel charge in city 2 is $4,750

4 0
3 years ago
QUESTION ONE (1)
Hunter-Best [27]
Y’all really be posting the whole passage on here, at this point y’all are just lazy to actually work it out
3 0
3 years ago
News analysts are allowed to give a option<br>A.True<br>B.False​
almond37 [142]
The answer is False (B)
8 0
3 years ago
Read 2 more answers
Investors can postpone or avoid income taxes by investing through individual retirement accounts.
kkurt [141]

True. Investors can postpone or avoid income tax by investing through individual retirement accounts. Tax-deferred and tax-exempt retirement accounts are two most popular options for lowering tax obligations. Both forms of retirement accounts reduce total amount of taxes a person will pay throughout their lifetime.

Immediate tax deductions up to the full amount of contribution in tax-deferred accounts is allowed. Money in account continues to grow tax-free. Instead of offering tax reductions on donations, tax-exempt accounts offer future tax benefits.

Tax is not applied to retirement accounts. Maximizing contributions to both types of accounts can be the best tax-savings plan.


To learn more about account, click here

brainly.com/question/14526783?

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7 0
1 year ago
Which of the following is a type of program that is designed to collect information about you and send it to a remote user witho
Olenka [21]
Are there choices for this question?

6 0
3 years ago
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