A period of expansion and contraction measured by real GDP is called:

CA Foundation · Business Economics · MTP · January 2025
A period of expansion and contraction measured by real GDP is called:
(A) A. Business cycle
(B) B. Expansion
(C) C. Recession
(D) D. Contraction

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Business cycle

Topics: International Trade

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