The West Asian country of Quinland is experiencing an economic downturn because of a decrease in its gross domestic product for two consecutive quarters. In this scenario, Quinland is most likely facing an _____.

Question

Quizplus · Accepted Answer

The decrease in Quinland's gross domestic product for two consecutive quarters indicates a slowdown in economic activity. This situation is commonly referred to as an economic recession. Option B (economic expansion) is opposite to the situation described in the scenario. Option C (economic depression) implies a much more severe and prolonged economic downturn compared to a recession. Option D (economic integration) refers to the process of countries integrating their economies to promote trade and commerce and is not related to Quinland's current economic situation.

The West Asian Country of Quinland Is Experiencing an Economic