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112).The gross domestic product is a good indicator of the financial health of the country. Newspapers pay attention to this because the better the financial health of the country, the more potential advertising revenue is available to support the newspaper industry.
The business cycle, according to McConnell and Brue, "refers to alternating rises and declines in the level of economic activity, sometimes extending over several years...
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Individual cycles (one ?up' followed by one ?down') vary substantially in duration and intensity. Yet all display certain phases, to which economists have assigned various labels" (McConnell and Brue, 2004 p. 134).
The labels are known as peaks, recessions, troughs and recoveries.
The business cycle greatly affects the newspaper industry...
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