For two consecutive quarters in 2016, the gross domestic product of Hinseria, a country in West Africa, decreased. During these two quarters, the country's output shrank, and the general well-being of its citizens declined. This scenario is an example of _____.
A) deregulation
B) subsidization
C) a recession
D) a monopoly

Question

Quizplus · Accepted Answer

A recession is typically defined as a decline in gross domestic product (GDP) for two consecutive quarters, which matches the scenario described for Hinseria.

For Two Consecutive Quarters in 2016, the Gross Domestic Product