Asked by Eugene Dioso on May 07, 2024
Verified
During the Great Recession,when did the Capacity utilization rate reach the lowest level?
A) late 2006
B) mid 2009
C) mid 2008
D) early 2010
Capacity Utilization Rate
The capacity utilization rate measures the proportion of potential economic output that is actually realized, displayed as a percentage.
Great Recession
The period of global economic decline observed during the late 2000s, considered the most significant downturn since the Great Depression.
- Analyze the determinants impacting the utilization rate of capacity and their economic consequences.
- Investigate the impact and evolution of corporations on the global economy, with a focus on their involvement during the Great Recession.
Verified Answer
SA
Sufana AlHabibMay 13, 2024
Final Answer :
B
Explanation :
The Capacity utilization rate in the US bottomed out at 66.7% in June 2009, which was the lowest level since 1983. Therefore, mid-2009 is the correct answer.
Learning Objectives
- Analyze the determinants impacting the utilization rate of capacity and their economic consequences.
- Investigate the impact and evolution of corporations on the global economy, with a focus on their involvement during the Great Recession.