When the gross domestic product is neither growing nor shrinking, a country's economy is doing which of the following?

Question

Social Studies

Maverick Floyd

25 July, 22:42

When the gross domestic product is neither growing nor shrinking, a country's economy is doing which of the following?

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Answers (1)

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Ruth Joseph · Answer 1

Stagnation is an event that can occurs in the economy, when the entire production is either turning down, flat or growing very slow. Regular unemployment is also an aspect of a stagnant economy.

An extended period of small or none increase in the economy is considered stagnation.

Gross Domestic Product (GDP) shows when the economy is trapped or stagnated.