Multiple Choice
Which of the following describe the United States economy in 2008 and 2009?
A) The economy was in an expansion.
B) The economy was in a recession.
C) Real GDP per person increased.
D) Real GDP reached a peak.
E) Real GDP reached a trough.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q26: To measure GDP by using the income
Q99: According to the income approach to measuring
Q161: What is a business cycle? What are
Q163: Is every product produced in the United
Q188: When measuring GDP by the income approach,
Q193: Define and distinguish between final goods and
Q195: "When you purchase $1,000 of stock in
Q216: Which of the following expenditure components of
Q217: The value of used goods _ counted
Q225: Even though it is not a perfect