A recession means we are not operating at full employment thus real GDP is not at its maximum potential
A recession.
recession
A period of negative, real Gross Domestic Product growth, usually during two consecutive quarters.
The acronym for Gross Domestic Product is GDP.
It stands for Gross Domestic Product
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.
Iraq's gross domestic product is 84 billion.
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.
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Stagnating
Stagnating