Author Question: Recession refers to a period when real GDP in the economy A) declines for at least six months. B) ... (Read 18 times)

Alainaaa8 · **on:** Jun 30, 2018

Recession refers to a period when real GDP in the economy

A) declines for at least six months. B) grows rapidly.
C) experiences a rise in living standards. D) suffers due to political instability.

Question 2

Using the rule of 70, if the GDP per capita growth rate in the United States is 3.5 percent, real GDP per capita doubles every

A) 20 years. B) 24.5 years. C) 35 years. D) 70 years.