Is a decline in real GDP from 1000 billion to 500 billion a recession?

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After 1970, the share of federal spending allocated to national defense: A) declined ... recession and real GDP ... 500 billion. C) increase spending by $1,000 ... - Read more

... (GDP) and stock market. ... growth but for the entire period real GDP grew from $457 billion to $726 ... began with a serious decline in real GDP ... - Read more

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Is a decline in real GDP from 1000 billion to 500 billion a recession? resources

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