A Trough Is the Turning Point in National Output Between

question 92

True/False

A trough is the turning point in national output between recession and peak.

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Definitions:

Current Population Survey

A monthly survey of households conducted by the Bureau of Census for the Bureau of Labor Statistics to gather employment and unemployment data.

Adult Population

The segment of the population that is considered to be of working age and is often analyzed in economic studies for labor force and unemployment statistics.

Unemployed Category

A classification for individuals in the labor force who are without a job but are available for and seeking work.

Employed Category

A classification used in labor statistics to denote individuals who are currently working for payment, in any job or business.