The Average Decline in GDP Growth for All Recessions Since

question 27

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:

Carrying Value

The recorded cost of an asset in a company's books, less any accumulated depreciation or amortization.

Face Value

The nominal value printed on a financial instrument, such as a bond or stock certificate, representing its worth as stated by the issuer.

Bond Interest Paid

The amount paid by the issuer of a bond as interest to the bondholders, usually expressed as a fixed percentage of the principal.

Discount

A reduction from the usual cost of something or the act of lowering the price.