Real dollars, prices or income
See inflation-adjusted dollars, prices or income.
Real per capita personal income
See inflation-adjusted per capital personal income.
A period of decline in total output, income, employment and trade. This usually lasts from six months to a year and is marked by widespread contractions in many sectors of the economy. The technical indicator of a recession is two consecutive quarters of negative economic performance as measured by a country’s gross domestic product (GDP.)
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Comparing different data source