The gross domestic product (GDP) of Trelinberg, a South American nation, has been decreasing for the past eight years. The long period of consecutive decreases in the GDP has led to high unemployment rates in Trelinberg. In the given scenario, the economy of Trelinberg is most likely in _____.

Question

Quizplus · Accepted Answer

A depression is characterized by a prolonged period of economic downturn, typically marked by a significant decline in GDP and high unemployment rates, which aligns with Trelinberg's situation.

The Gross Domestic Product (GDP) of Trelinberg, a South American