February/March 2026 Paper 32

2026 · 30 questions · 30 parts · 30 marks

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19Business Cycle RecessionMedium1 mark
The diagram shows quarterly changes in Japan’s GDP over several years.
bar chart of Japan's quarterly GDP growth (%) over six years, plotted against a horizontal axis divided into year 1 to year 6; the bars fluctuate between about -2% and +3% each quarter, with several runs of two or more consecutive negative quarters
How many recessions occurred in Japan during this period?