As a clinical instructor who has taken students to a variety of local facilities such as nursing homes, rehab facilities and city hospitals, I've learned how to sail smoothly through some occasionally very choppy waters. Portal of Entry.
In economics, a recession is a business cycle contraction. It is a general slowdown in economic activity. Macroeconomic indicators such as GDP (gross domestic product), investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate rise.Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). recession has many attributes that can occur simultaneously and includes declines in component measures of economic activity (GDP) such as consumption, investment, government spending, and net export activity.
Yes it is possible nominal GDP to increase and real GDP to decrease for same time period, given following conditions-. 1  There is high inflation condition in the economy. This will automatically increase the nominal GDP without any real increase in GDP.(as prices of all goods and services will be increased). real GDP will decrease only when there is negative GDP growth. This will reduce the GDP size of the economy.