As Soon as Any Nation Has Experienced Two Consecutive Quarterly

question 139

Multiple Choice

As soon as any nation has experienced two consecutive quarterly declines of its gross domestic product, that nation will be in a(n) :

• A)recession
• B)depression
• C)regression
• D)adjustment period
• E)economic downsizing

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Definitions:

Obligor

A party in a contractual agreement who is legally bound to perform a certain duty or pay a specified amount to another, the obligee.

Prohibited

Actions, practices, or items that are expressly forbidden by law, regulation, or other forms of authority.

Intended Beneficiary

A person or entity that is not a direct party to a contract but is meant to benefit from the contract’s performance.

Expressly Designating

Clearly specifying or identifying something or someone for a particular purpose.