The Average Decline in GDP Growth for All Recessions Since

question 30

Multiple Choice

The average decline in GDP growth for all recessions since 1950 is ________ percent, but for the Great Recession it was ________ percent.

• A) -2.1; -6.1
• B)-0.4; -31.4
• C) -3.7; -1.7
• D) -1.7; -4.7
• E) 0; 2.2

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Definitions:

Life Expectancy

The average number of years an individual is expected to live, based on current age and mortality rates.

Major Effects

Significant impacts or outcomes resulting from a specific cause, event, or decision, which can be observed in various contexts such as health, environment, or society.

Medical Care Costs

The expenses associated with the provision of health services, treatments, and medications to patients.

United States

A country in North America consisting of 50 states, known for its large economy and diverse population.