Recessions are generally measured as a ________ in ________. ...

[ec501234]

Recessions are generally measured as a ________ in ________.
 
  A) rise; real GDP
  B) fall; real GDP
  C) rise; nominal GDP
  D) fall, nominal GDP

Question 2

The official decision in the U.S. as to whether and when a slowdown in the rate of economic growth has become a recession is made by the
 
  A) Bureau of Economic Analysis in the Department of Commerce.
  B) Bureau of Labor Statistics.
  C) Federal Reserve Board of Governors.
  D) National Bureau of Economic Research, a private research organization.

[coreycathey]

Answer to Question 1

B

Answer to Question 2

D