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4 September, 14:02

In the first quarter of the year, Real GDP was $400 billion; in the second quarter, it was $398 billion; in the third quarter, it was $399 billion; and in the fourth quarter, it was $395 billion. Has there been a recession? Explain your answer.

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  1. 4 September, 17:11
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    No, it can't be cosidered as a recession.

    Explanation:

    To be considereded a recession there must be two consecutive quarters with a fall in the GDP. In this case there are two quarters with fall but they are not consecutive. (second and fourth quarter)
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Home » Business » In the first quarter of the year, Real GDP was $400 billion; in the second quarter, it was $398 billion; in the third quarter, it was $399 billion; and in the fourth quarter, it was $395 billion. Has there been a recession? Explain your answer.
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