A growth recession is said to occur when the economy grows at a
A)Rate less than that of population.
B)Rate less than the long-term average.
C)Slower rate in the current year than the preceding year.
D)Negative rate.

Question

Quizplus · Accepted Answer

A growth recession occurs when the economy grows at a rate less than the long-term average. It is not necessarily a negative rate, but rather a slowdown in the rate of growth. A rate less than the rate of population growth would imply that the economy is not keeping up with the growth of the population, but it would not necessarily be considered a growth recession. A slower rate in the current year than the preceding year could also be a sign of a growth recession, but it is not the only defining factor.

A Growth Recession Is Said to Occur When the Economy