O-LevelEconomicsGovernment and the macroeconomy2281/11 · May/June 2018 · Q201 Mark

An economy is experiencing two consecutive quarters of negative economic growth. What is this economy experiencing?

Abudget deficit

Binflation

Crecession

Dtrade deficit

✓ Correct answer

C: recession

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Topic: Government and the macroeconomy, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2018 Paper 1 Variant 1, question 20.

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