Question

According to Table 6.7, how long has the average recession lasted since the end of World War II?

Short answer

Recessions gives an average duration of $11$months.

Step-by-step solution

Step 1. Given Information

Table 6.7

Step 2. Description

The table lists the "Months of Contraction" for each recession. Averaging these figures for the post-WWII recessions gives an average duration of $11$ months, or slightly less than a year.