Declining Real GDP for Two Quarters in a Row Is

question 94

True/False

Declining real GDP for two quarters in a row is often called a recession.

---

Definitions:

Available Income

The portion of an individual's or household's income that is available for spending, saving, or investing after taxes and other deductions.

Type of Involvement

Refers to the level of personal interest and importance that a consumer places on the acquisition, consumption, and disposal of a good or service.

Relationship

A connection, association, or involvement between individuals or entities based on emotions, commitments, or agreements.

Dishwasher

A mechanical device used for cleaning dishes and cutlery automatically, significantly reducing manual labor in kitchen cleaning tasks.