During the first three quarters of 2015, real GDP went from $200 to $220 to $180. Economists describe the second quarter of 2015 as a(n)
A) contraction.
B) inflation.
C) peak.
D) recession.
E) trough.

Question

Quizplus · Accepted Answer

The second quarter of 2015 is described as a peak because real GDP reached its highest point at $220 before declining to $180 in the third quarter.

During the First Three Quarters of 2015, Real GDP Went