If an Economy Declined by 3 Percent in One Year

question 1

Multiple Choice

If an economy declined by 3 percent in one year, in order for the economy to return to trend growth within two years, it would have to increase at an annual rate that is

• A)less than 3 percent.
• B)equal to 3 percent.
• C)greater than 3 percent.
• D)unknown.

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Definitions:

Strategy

A plan of action designed to achieve a major or overall goal, often involving the allocation of resources and decision-making processes.

Audit

A measurement method that assesses progress against plan.

Measurement Method

The technique or strategy used to assess, quantify, or evaluate a particular variable or attribute.

Progress

The forward or onward movement towards achieving a goal or improving conditions.