MCQOPTIONS
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MCQOPTIONS
| 1. |
Which of the following is the standard definition of recession? |
| A. | Negative GDP growth for the year as a whole |
| B. | Negative GDP growth for two consecutive quarters |
| C. | Negative GDP growth for three consecutive quarters |
| D. | Negative GDP growth with increased rate of inflation compared to the previous years |
| E. | Positive GDP growth for two consecutive quarters |
| Answer» C. Negative GDP growth for three consecutive quarters | |