Need homework assistance. What is a recession??

Question

A recession is defined as a decline in:

A- The international value of a country's currency
B- Real output for 2 quarters
C- exports for 2 quaters
D- interest rates for 2 quarters

Is it A???

Answer 1

A recession is defined to be a period of two quarters of negative GDP growth. GDP is "the market value of all the goods and services produced by labor and property located in" the region, usually a country.

So the answer is B - a decline in real output for 2 quarters.

Answer 2

Use a dictionary or go to Ask.com for your answer. the one you might get on a web sight like this may not be the one you want to use for homework.