Practice Quiz

Praxis II Early Education Content Knowledge

Category - Social Studies

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What is the difference between a recession and a depression?
  1. There is no difference. The terms are used interchangeably.
  2. A depression is the public’s way of dealing with a recession.
  3. A recession is a drop in economic growth that is more severe than a depression.
  4. A depression is a drop in economic growth that is more severe than a recession.
Explanation
Answer: D - The difference between a recession and a depression is that a depression is a drop in economic growth that is more severe than a recession. A depression is an economic downturn where the real Gross Domestic Product (GDP) declines by at least 10 percent. Recessions are less severe.
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