When a country's gross domestic product (GDP) decreases for two consecutive quarters, the nation's economy is said to be in what?

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Social Studies

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1 March, 02:44

When a country's gross domestic product (GDP) decreases for two consecutive quarters, the nation's economy is said to be in what?

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Lilibeth · Answer 1

When a country's GDP or gross domestic product decreases for two consecutive quarters, the nation's economy is said to be in a state of decline. It will start to decrease if the goods and products are not being produced as usual.