Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: xzins

BEA defines a recession as two consecutive quarters of negative YOY growth.


32 posted on 07/30/2014 7:16:21 AM PDT by Wyatt's Torch
[ Post Reply | Private Reply | To 31 | View Replies ]


To: Wyatt's Torch

If a hypothetical year ended at 15,000,000,000,000, and the first quarter of the next year ended at 14,700,000,000 then that would be a 2% decline.

If the 2nd quarter of that hypothetical year also ended at 14,700,000,000 would that also be a 2% decline from that 15,000,000,000,000? Or would it be zero growth, zero decline since it would be the same number?


33 posted on 07/30/2014 7:28:28 AM PDT by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
[ Post Reply | Private Reply | To 32 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson