During the most recent three quarters, real GDP decreased from $200 to $180 to $170. This economy is experiencing a recession.

Name: During the most recent three quarters, real GDP decreased from $200 to $180 to $170. This economy is experiencing a recession.
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A recession is defined as a period of declining GDP over two consecutive quarters. In this case, real GDP has decreased over three consecutive quarters, indicating a recession.

During the Most Recent Three Quarters, Real GDP Decreased from $200