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A recession means we are not operating at full employment thus real GDP is not at its maximum potential
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Related questions
What wouldn't increase gross domestic product?
A recession.
A is a decline in the gross domestic product that usually lasts less than six months.?
recession
What qualifies as a country being in recession?
A period of negative, real Gross Domestic Product growth, usually during two consecutive quarters.
What is the acronym for Gross Domestic Product?
The acronym for Gross Domestic Product is GDP.
What does GDP stands for?
It stands for Gross Domestic Product
What is Iraq's gross domestic product?
Iraq's gross domestic product is 84 billion.
What is recesson?
A contraction of the Gross Domestic Product (GDP). Typically for a period of 2 quarters or more is when the economists start using the word recession.
What is the term term for the total value of all goods and services produced in a particular economy?
Gross Domestic Product... (:
Per capita gross domestic product is a nation's gross domestic product divided by its what?
asas
How is the gross national product derived from the gross domestic product?
The gross national project is derived from the gross domestic product because various domestic products brought together is what is used to create the gross national project.
When is the gross domestic product is neither growing nor shrinking country's economy is doing what?
Stagnating
When the gross domestic product is neither growing nor shrinking a country economy is doing?
Stagnating
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