When Economists determine that a nation’s GDP has declined, they declared that this is a sign of Economic Shrinkage.
- This is because Economic Shrinkage is a term that described a decrease or reduction in the level of a country or nation's GDP.
- This implies that the level of economic and development growth rate of a specific nation under measure has declined.
- A reduction in the GDP of a nation affects the production level, the consumers, and the investors.
Hence, in this case, the correct answer is option A "Economic shrinkage."
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