Asked by
Sandro Rodriguez
on Oct 25, 2024
Verified
An industry in which sales tend to magnify cyclical changes in gross domestic product and national income is called:
A) a cyclical industry.
B) a counter-cyclical industry.
C) a fluctuating industry.
D) a dismal industry.
Cyclical Industry
An industry whose performance is heavily dependent on the overall economy's fluctuation; typically, these industries do well during economic upturns and poorly during downturns.
Gross Domestic Product
The total value of all goods and services produced within a country's borders in a specific time period, a measure of national economic activity.
- Distinguish sectors with cyclical demand tendencies and acknowledge the economic factors affecting these sectors.
Verified Answer
RS
Learning Objectives
- Distinguish sectors with cyclical demand tendencies and acknowledge the economic factors affecting these sectors.