Question

When the gross domestic product is neither growing nor shrinking, a country’s economy is doing which of the following?

Answer 1

Stagnation is an event that can occurs in the economy, when the entire production is either turning down, flat or growing very slow. Regular unemployment is also an aspect of a stagnant economy.

An extended period of small or none increase in the economy is considered stagnation.

Gross Domestic Product (GDP) shows when the economy is trapped or stagnated.