Women are more likely to lose their jobs during an economic downturn because many work in the informal sector
A considerable decrease in overall economic activity in a particular area is referred to as a recession or economic downturn by macroeconomic experts.
According to the GDP together with other monthly indicators like a rise in unemployment, it has generally been identified as two consecutive quarters of economic contraction.
The National Bureau of Economic Research (NBER), however, which is responsible for formally classifying recessions, claims that the two consecutive quarters of real GDP contraction are no longer the standard definition of a recession.
Economic downturn, according to the NBER, are periods of severe reduction in economic activity that affect the entire economy and persist longer than a few months. These periods are typically reflected in real GDP, real income, employment, industrial production, and wholesale-retail sales.
Economic downturn are formally proclaimed by the NBER, although businesses, investors, and government officials keep an eye on a number of economic indicators that can help predict or confirm their onset.
To shed light on the causes and consequences of recessions, numerous economic theories have been created.
A country's untaxed, unregulated, or "grey economy" is referred to as its "informal economy" (also known as the "informal sector" or "grey economy").
Although it accounts for a sizable share of economies in developing nations, the informal sector is occasionally labelled as problematic and out of control. However, the informal sector, which has been growing quickly since the 1960s, offers important economic opportunities for the poor. The formalization of the informal economy presents a significant policy problem.
Hence, option A is the correct answer
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