Fill in the blank: ________ is another term for a decline in real ...

[james0929]

Fill in the blank: ________ is another term for a decline in real GDP is
 
  A) Deflation.
  B) Inflation
  C) Economic growth
  D) Recession
  E) Unemployment

Question 2

Which aggregate measure is used to determine whether or not a country is experiencing a recession?
 
  A) Nominal GDP
  B) Nominal interest rate
  C) Real GDP
  D) Real interest rate
  E) Gross business inventory investment

[babybsemail]

Answer to Question 1

D

Answer to Question 2

C

[james0929]

Thanks for the timely response, appreciate it

[atrochim]

YES! Correct, THANKS for helping me on my review