SIE Exam Question 539: Answer and Explanation

Question: 539

If real GDP declined the last 3 quarters, how many more consecutive quarters of decline would be needed to be classified as an economic depression?

  • A. 1 quarter
  • B. 2 quarters
  • C. 3 quarters
  • D. 4 quarters

Correct Answer: C

Explanation:

6 quarters - 3 quarters = 3 quarters

An economic depression is defined as a decline in real GDP for 6 or more consecutive quarters.

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