In the United States, GDP Declined in Both 2008 and 2009

question 130

Short Answer

In the United States, GDP declined in both 2008 and 2009. Because of this fact, the U.S. economy was considered to be in a _______.

---

Definitions:

Supply-Chain Strategies

Plans and methods developed to manage and improve the flow of goods and materials, information, and finances across the supply chain.

Standardized Data-Transmittal Format

A uniform method or protocol for sending and receiving data between different systems, ensuring compatibility and efficient processing.

Customization

The process of modifying products or services to meet specific customer requirements or preferences.

Mode Of Shipping

The method by which goods are transported from one location to another, e.g., by air, sea, road, or rail.