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Firdavs [7]
3 years ago
8

A recession has traditionally been defined as a period during which Group of answer choices a. nominal GDP declines for four con

secutive quarters. b. nominal GDP declines for two consecutive quarters. c. real GDP declines for four consecutive quarters. d. real GDP declines for two consecutive quarters.
Business
1 answer:
patriot [66]3 years ago
7 0

Answer:

The correct answer is letter "D": real GDP declines for two consecutive quarters.

Explanation:

A recession is an overall decline in a country's economy followed by two consecutive quarters of losses. The most important index to measure the decline in an economy is the real Gross Domestic Product (<em>GDP</em>). However, the National Bureau of Economic Research (<em>NBER</em>) states that the real GDP should not be considered the only gauge to determine a country's recession.

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A favorable materials price variance coupled with an unfavorable material usage variance would most likely result from:
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Warren, Inc. purchased a $400,000 life insurance policy on the company president on January 1, 2017. The premium that was paid o
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Answer: $10,400

Explanation:

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3 years ago
Costs that can be easily and conveniently traced to a specific product are called ______ costs.
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Explanation:

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2 years ago
When presenting a persuasive speech, one speech goal is to ask the audience members to perform a certain action, also know as pe
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8 0
2 years ago
The management of Helberg Corporation is considering a project that would require an investment of $203,000 and would last for 6
levacccp [35]

Answer:

Helberg Corporation

The payback period of the period is closest to:

1 year and 6 months (1 1/2 years).

Explanation:

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2 years ago
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