this is looked at different by many economist, some will take employment numbers into effect, or trade deficits to determine when we are in a depression rather than a recession, however the most common one looked at by mostly every economist is to have 2 or more consecutive quarters of negative GDP (gross domestic product)
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JUST WAIT EN SEE;)))
KAY... IF YOU ARE IN A DEVELOPED NATION LIKE ME....
this is looked at different by many economist, some will take employment numbers into effect, or trade deficits to determine when we are in a depression rather than a recession, however the most common one looked at by mostly every economist is to have 2 or more consecutive quarters of negative GDP (gross domestic product)
when you take the "rec" out of recession and replace it with a "depr" to spell out "depression."
mmm what're ya saying...?