Refer to the information for this hypothetical economy provided in Table 5.1 below to answer the questions that follow.
Table 5.1
2014 2015 2016

-Refer to Table 5.1. In this economy, a trough existed around the
A) fourth quarter of the year 2015
B) fourth quarter of the year 2014.
C) second quarter of the year 2015.
D) third quarter of the year 2016.

Question

Refer to the information for this hypothetical economy provided in Table 5.1 below to answer the questions that follow.
Table 5.1
2014 2015 2016
 
-Refer to Table 5.1. In this economy, a trough existed around the
A) fourth quarter of the year 2015 
B) fourth quarter of the year 2014. 
C) second quarter of the year 2015. 
D) third quarter of the year 2016.

Quizplus · Accepted Answer

A trough in an economic cycle refers to the lowest point before an economy begins to recover and expand again. Without seeing Table 5.1, the correct answer cannot be determined from the information provided. However, based on the structure of the question, if we assume that option A is correct, it suggests that the lowest point of economic activity or the trough was identified in the fourth quarter of the year 2015.

Refer to the Information for This Hypothetical Economy Provided in Table