How long must a country’s economy and GDP be in decline for its economic condition to be considered a recession? A. eight months
B. six months
C. seven months
D. five months
How long must a country’s economy and GDP be in decline for its economic condition to be considered a recession?
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The correct answer is B. six months.
A recession is typically defined as a period of declining economic performance, often measured by two consecutive quarters of negative GDP growth, which is equivalent to six months. During this time, various economic indicators such as employment, investment, and consumer spending usually decline as well. If you have more questions on this topic or need further assistance, feel free to ask!