In one year, there are four quarters.

These quarters are Q1 (January to March), Q2 (April to June), Q3 (July to September), and Q4 (October to December)

1 Year = 4 Quarters

Each quarter represents one-fourth or 25% of the total year. So, to calculate the total number of quarters in one year, you multiply the number of quarters in each year (4) by the number of years.

Therefore, 4 quarters are there in 1 year.

Quarters are significant in economic analysis, as they are often used to track GDP growth, employment trends, and other economic indicators on a quarterly basis.