A 'Technical Recession' Is Defined As

question 120

Multiple Choice

A 'technical recession' is defined as:

• A)one year of negative economic growth.
• B)six months of negative economic growth.
• C)a contraction in the economic growth rate from 5% to 3%.
• D)a period of rising prices.

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Definitions:

Net Sales

The revenue a company earns from goods sold or services provided after returns, allowances for damaged goods, and discounts are subtracted.

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor directly involved in creating the product.

Percentage

A way of expressing a number as a fraction of 100, denoted by the symbol %.

Rate

A specified measure or quantity considered in relation to another quantity or measure, often used in financial contexts to describe interest or growth rates.