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Need some help with the following questions, thanks! Question 24 Economists usually use the term recession to refer to: O two or more consecutive quarters
Need some help with the following questions, thanks!
Question 24 Economists usually use the term "recession" to refer to: O two or more consecutive quarters of declining real GDP. O a reduction in nominal GDP lasting more than six months. O any slowdown in the growth of real GDP. O zero real GDP growth. Question 25 Which of the following is a shortcoming of GDP? O None of these are true. O GDP includes an estimate of illegal transactions. O GDP measures nonmarket transactions. O GDP includes an estimate of the value of household servicesStep by Step Solution
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