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The demand for durable goods

A)rises by a greater percentage than does GDP during a recession.
B)declines by a greater percentage than does GDP during a recession.
C)declines by a smaller percentage than does GDP during a recession.
D)has decreased over time.

User Arenaq
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1 Answer

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Final answer:

The demand for durable goods declines by a greater percentage than does GDP during a recession.

Step-by-step explanation:

Durable goods are items that have a long lifespan, such as cars, furniture, and appliances. During a recession, the demand for durable goods typically declines by a greater percentage than GDP. This means that people are less likely to purchase these goods when the economy is in a downturn.

For example, during a recession, people may delay buying a new car or replace their old furniture. This decline in demand for durable goods is due to a decrease in consumer confidence and a decrease in disposable income.

Therefore, the correct answer is B) declines by a greater percentage than does GDP during a recession.

User Ramzan Zafar
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