If a country experiences a negative GDP growth rate, it means:
A) people are producing less than they did the year before.
B) the economy is shrinking.
C) there are fewer goods to allocate in the economy than before.
D) All of these are true.

Question

Quizplus · Accepted Answer

All of these statements accurately describe the implications of a negative GDP growth rate, indicating a reduction in economic output, a shrinking economy, and a decrease in the quantity of goods available in the economy.

If a Country Experiences a Negative GDP Growth Rate, It