Identify a True Statement About the Great Recession

question 59

Multiple Choice

Identify a true statement about the Great Recession.

• A)The economy completely recovered from the Great Recession in 2009.
• B)The Great Recession spread around the globe by 2008.
• C)The middle class was the least affected by the Great Recession.
• D)The Great Recession increased employment rates to almost ten percent.

---

Definitions:

Liability

A financial obligation or debt owed by an individual or entity to another party that has to be paid back in the future.

Partly Owned Subsidiaries

Subsidiaries that are not wholly owned by the parent company, implying the existence of minority or non-controlling interests.

Ownership Interests

Rights or claims to assets and earnings, often associated with the holding of equity or shares in a company.

Fair Value Method

An accounting approach that assesses the price of an asset or liability based on current market conditions, rather than historical cost.