question archive The nominal gdp of a country is decreasing over last 4 years
Subject:EconomicsPrice:2.86 Bought3
The nominal gdp of a country is decreasing over last 4 years. Is this country in recession?
True
A country is said to have in recession if it continuously falling in the GDP growth for the two consecutive quarters and from the given data it can be seen that nominal GDP is decreasing over the four years
so country is definitely under the recession