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THE NEXT TIME A LIBERAL OR OBAMA WANTS TO TELL YOU THAT THE ECONOMY IS IN A RECESSION GIVE HIM THE DEFINITION OF IT. AND THE LAST 2 QUARTERS OF OUR ECONOMY HAS BEEN UP. THE LAST QUARTER IS UP 3.3% AND ALSO THE QUARTER BEFORE WAS UP. SO AS OF NOW THERE IS NO RECESSION GOING ON
rule of thumb that a recession occurs when real gross domestic product (GDP) growth is negative for two or more consecutive quarters
The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output for a given country's economy. GDP is defined as the total market value of all final goods and services produced within the country in a given period of time (usually a calendar year). It is also considered the sum of value added at every stage of production (the intermediate stages) of all final goods and services produced within a country in a given period of time, and it is given a money value.
The most common approach to measuring and understanding GDP is the expenditure method:
GDP = consumption + gross investment + government spending + (exports − imports),
rule of thumb that a recession occurs when real gross domestic product (GDP) growth is negative for two or more consecutive quarters
The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output for a given country's economy. GDP is defined as the total market value of all final goods and services produced within the country in a given period of time (usually a calendar year). It is also considered the sum of value added at every stage of production (the intermediate stages) of all final goods and services produced within a country in a given period of time, and it is given a money value.
The most common approach to measuring and understanding GDP is the expenditure method:
GDP = consumption + gross investment + government spending + (exports − imports),
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