-In the Above Figure, a Recession Begins at Point ________

question 142

Multiple Choice

-In the above figure, a recession begins at point ________ and an expansion begins at point ________.

• A) a; b
• B) b; c
• C) b; a
• D) d; c

Grasp the concept of supply chain management and its significance.

Understand the marketing concept and the importance of satisfying customer needs.

Recognize the value and methods of maintaining customer relationships and loyalty.

Learn the elements of the marketing mix (four Ps).

---

Definitions:

Net Exports

The value of a country’s exports minus the value of its imports.

Transfer Payments

Payments made by the government to individuals or organizations without the receiver providing any goods or services in exchange.

GDP Calculation

The process of determining the Gross Domestic Product of a country, which can include adding up all income earned in the economy or all expenditures made.

Consumption

The use of goods and services by households. It is a primary component of GDP and an indicator of economic health.