The Point on a Business Cycle When Real GDP Stops

question 30

Multiple Choice

The point on a business cycle when real GDP stops rising and begins falling is a(n) :

• A) peak.
• B) trough.
• C) expansion.
• D) recession.

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Definitions:

Profitable

Describes a situation, project, or enterprise that results in financial gain or benefit.

Management Consulting

A professional service that provides expertise and advice to businesses seeking to improve their operations, strategy, and performance.

Singing Career

The professional pursuit of performing music vocally, which may include live performances, recording, and collaborating with other musicians.

Profits

The financial gain obtained when the revenue generated from business activities exceeds the expenses, costs, and taxes involved in maintaining the business.