In the first quarter of the year, Real GDP was $400 billion; in the second quarter, it was $398 billion; in the third quarter, it was $399 billion; and in the fourth quarter, it was $395 billion. Has there been a recession? Explain your answer.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In the first quarter of the year, Real GDP was $400 billion; in the second quarter, it was $398 billion; in the third quarter, it was $399 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Understanding opportunity cost You work as an assistant coach on the university basketball team and earn $15 per hour. One day, you decide to skip the hour-long practice and, instead, go to the local carnival, which has an admission fee of $9.
Answers (1)
The General Manager (Scenario) Michelle is the general manager of a power plant. This morning, she will meet with city officials to discuss environmental issues.
Answers (1)
You read the Electricity City Utility Company has problems. Its headquarters had an expansive retaining wall collapse during a flood last week. This led to toxic coal ash flows that buried homes and even caused a few fatalities.
Answers (1)
Stocks and bonds Use letters in alphabetical order to select options A are examples of stores of value, but not units of account nor medium of exchange.
Answers (1)
The Laramie Company operates a consulting practice. New clients are required to pay the firm in two transactions. First, clients must pay $200 before receiving consulting services.
Answers (1)
New Questions in Business
You may not want to spend money to attend a seminar on becoming more of a right-brain thinker in light of recent research. what do these findings indicate
Answers (1)
The following computations were made from Clay Co.'s current-year-end books:Number of days' sales in inventory 61Number of days' sales in trade accounts receivable 33What was the number of days in Clay's current-year operating cycle? A. 33B. 47C.
Answers (1)
Assume that markup is based on selling price. Find the dollar markup and percent of markup on selling price. (Round your answers to 2 decimal places. Omit the "$" and "%" signs in your response.)
Answers (1)
Arthur pays tax of $5,000 on taxable income of $50,000 while taxpayer barbara pays tax of $12,000 on $120,000. the tax is a progressive tax. proportional tax. regressive tax. none of the above.
Answers (1)
What are each individual's opportunity costs of producing fish and rabbit? Which person has an absolute advantage in producing fish and rabbit? Which person has a comparative advantage in producing fish and rabbit?
Answers (1)