The table identifies annual gross domestic product (GDP)(in billions of dollars)for country X. Based on the table,during which years(s)was country X most likely to have been in a recession?
A) 2014 and 2015
B) 2009,2012,2014,and 2015
C) 2009,2012,2013,2014,and 2015
D) 2012 through 2015
E) 2009

Question

The table identifies annual gross domestic product (GDP)(in billions of dollars)for country X.  Based on the table,during which years(s)was country X most likely to have been in a recession?
A) 2014 and 2015 
B) 2009,2012,2014,and 2015 
C) 2009,2012,2013,2014,and 2015 
D) 2012 through 2015 
E) 2009

Quizplus · Accepted Answer

A recession is typically defined as a significant decline in economic activity lasting more than a few months. One way to identify a recession is to look for periods of consecutive GDP declines. Based on the table, country X experienced a decline in GDP in 2009, 2012, 2014, and 2015, which suggests that it may have been in a recession during those years. Therefore, option B is the best choice as it includes all years with a decline in GDP.

The Table Identifies Annual Gross Domestic Product (GDP)(in Billions of Dollars)for