Question

steve and his brother used to work at the same organization. a few months ago their employer terminated them because the business had slowed due to slow economic growth in the country. a couple of months later, steve found out that many of his friends are also unemployed. the government stated that gdp had fallen for two consecutive quarters. steve’s country is experiencing which economic phase?

Answer 1

D.

recession

Explanation:

facts

Answer 2

Steve's country is experiencing recession.

Explanation:

Consider the provided information.

It is given that employer terminated Steve and his brother because the business had slowed due to slow economic growth in the country. a couple of months later, Steve found out that many of his friends are also unemployed. the government stated that GDP had fallen for two consecutive quarters.

Steve's country is experiencing recession.

Recession is a period in which economic decline also the trade and industrial activity decline, it is often identified by GDP fallen in two successive quarters.

Hence, Steve's country is experiencing recession.