The Following Data Give the Dates of Successive Turning Points

question 118

Multiple Choice

The following data give the dates of successive turning points in U.S. economic activity and the corresponding levels of real GDP at the time.  
$$\begin{array} { | c | c | c | } \hline \text { Turning Paint } & \text { Date } & \text { Real GDP (1996 \$ billims) } \\\hline \text { (A) } & \text { Feb. } 1961 & 2352.9 \\\hline \text { (B) } & \text { Dec. } 1969 & 3571.4 \\\hline \text { (C) } & \text { Nov. } 1970 & 3566.5 \\\hline \text { (D) } & \text { Nov. } 1973 & 4151.1 \\\hline \text { (E) } & \text { Mar. } 1975 & 4010.0 \\\hline\end{array}$$  
Which of the following periods was an expansion?

• A)November 1970 through November 1973
• B)December 1969 through November 1970
• C)November 1970 through March 1975
• D)December 1969 through November 1973

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Definitions:

BDI

Brand Development Index, a measure of a brand's sales performance within a specific market segment or geographic area compared to its performance elsewhere.

Brand Position

The place a brand occupies in the minds of customers and how it is differentiated from competitors.

CDI

Consumer Decision Interface; typically referring to tools or platforms that assist consumers in making purchasing choices. If meant as "Category Development Index," it's a measure of the sales performance of a category of goods within a specific market segment.

Market Segment

A portion of a larger market that is categorized based on shared characteristics, needs, or preferences of its members.