Start learning →

The UK and Canada define a recession as GDP falling for:

ATwo straight quarters
BOne complete year
COne calendar month
DThree straight years
Answer & Solution
Correct answer: A. Two straight quarters
Both countries treat negative growth for two consecutive quarters as a recession.
Practise this question with Quill — CA Foundation →

Keep practising Business Cycles

Browse all Business Cycles questions for CA Foundation, or explore more Business Economics topics.

Start a Business Cycles lesson →
Related questions