In one time period, the growth rate of GDP of a country is recorded as 3.4 per
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In one time period, the growth rate of GDP of a country is recorded as 3.4 per cent against a trend growth rate of output of 2.8 per cent. In the next two time periods, the growth rate of GDP is recorded as 2.8 per cent and 2.0 per cent respectively. Is the country experiencing a recession? Explain.
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No based on the information provided the country is not definitively experiencing a ...View the full answer
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