US Recession Becomes Official

1. Who gets to "officially" proclaim that there is a recession?

The National Bureau of Economic Research

The U.S. Senate

The NASDAQ

2. According to a December 2007 poll, how many respondents thought that the U.S. was in a recession?

Over 40%

Over 50%

Over 60%

3. According to the man, some economists think that the recession started in January or ______________.

February

December

March

4. According to the man, the US economy is very much dependent on ____________________________.

Consumer confidence

Government bailout packages

Consumer spending

5. How many jobs does the man think will be lost in total in the United States in 2008?

2 million

1.2 million

500,000