For the following questions, suppose a country has the following quarterly growth data for the last three years:
-The country's long-run average growth rate is 3 percent.How many quarters were spent in recession?
A) six
B) five
C) four
D) three
E) two

Question

For the following questions, suppose a country has the following quarterly growth data for the last three years: 
-The country's long-run average growth rate is 3 percent.How many quarters were spent in recession?
A) six 
B) five 
C) four 
D) three 
E) two

Quizplus · Accepted Answer

A recession is typically defined as two consecutive quarters of negative growth.

For the Following Questions, Suppose a Country Has the Following