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Recall the Application about the severity of the recession of 2007-2009 to answer the following question(s) .
-According to this Application, as measured by the decline in GDP, the recession which began in _______ might have been more severe than the recession which began in 2007.
Home Countries
Refers to the countries where multinational corporations are headquartered.
Implicit Costs
Expenses that are not directly paid for or incurred in cash, representing the opportunity cost of using resources owned by the business.
International Migrants
Individuals who move from their country of origin to another country, aiming to settle temporarily or permanently in the new country.
Labor Immigration
The movement of people from one country to another primarily for employment opportunities.
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