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Consider the following statements. A growth recession is a situation where economic growth is slow, but not negative. If an economy’s GDP in the first three months of the year is lower than what it was in the first quarter of last year and the same thing happens in the second quarter, then the economy is said to have gone into a recession. The potential GDP growth rate is that rate of growth at which an economy can grow without spiking inflation.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements. A growth recession is a situation where economic growth is slow, but not negative. If an economy’s GDP in the first three months of the year is lower than what it was in the first quarter of last year and the same thing happens in the second quarter, then the economy is said to have gone into a recession. The potential GDP growth rate is that rate of growth at which an economy can grow without spiking inflation.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements. A growth recession is a situation where economic growth is slow, but not negative. If an economy’s GDP in the first three months of the year is lower than what it was in the first quarter of last year and the same thing happens in the second quarter, then the economy is said to have gone into a recession. The potential GDP growth rate is that rate of growth at which an economy can grow without spiking inflation.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'C'. Can you explain this answer?.

Solutions for Consider the following statements. A growth recession is a situation where economic growth is slow, but not negative. If an economy’s GDP in the first three months of the year is lower than what it was in the first quarter of last year and the same thing happens in the second quarter, then the economy is said to have gone into a recession. The potential GDP growth rate is that rate of growth at which an economy can grow without spiking inflation.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of Consider the following statements. A growth recession is a situation where economic growth is slow, but not negative. If an economy’s GDP in the first three months of the year is lower than what it was in the first quarter of last year and the same thing happens in the second quarter, then the economy is said to have gone into a recession. The potential GDP growth rate is that rate of growth at which an economy can grow without spiking inflation.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements. A growth recession is a situation where economic growth is slow, but not negative. If an economy’s GDP in the first three months of the year is lower than what it was in the first quarter of last year and the same thing happens in the second quarter, then the economy is said to have gone into a recession. The potential GDP growth rate is that rate of growth at which an economy can grow without spiking inflation.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Consider the following statements. A growth recession is a situation where economic growth is slow, but not negative. If an economy’s GDP in the first three months of the year is lower than what it was in the first quarter of last year and the same thing happens in the second quarter, then the economy is said to have gone into a recession. The potential GDP growth rate is that rate of growth at which an economy can grow without spiking inflation.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Consider the following statements. A growth recession is a situation where economic growth is slow, but not negative. If an economy’s GDP in the first three months of the year is lower than what it was in the first quarter of last year and the same thing happens in the second quarter, then the economy is said to have gone into a recession. The potential GDP growth rate is that rate of growth at which an economy can grow without spiking inflation.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements. A growth recession is a situation where economic growth is slow, but not negative. If an economy’s GDP in the first three months of the year is lower than what it was in the first quarter of last year and the same thing happens in the second quarter, then the economy is said to have gone into a recession. The potential GDP growth rate is that rate of growth at which an economy can grow without spiking inflation.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.