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Focus on Economic Data: Gross Domestic Product - February 2005
Source: Council for Economic Education (EconEdLink) | Type: Lesson
Real gross domestic product (GDP) during the fourth quarter (October through December) of 2004 increased at an annual rate of 3.8 percent. The increase in real GDP for the entire year of 2004 was 4.4 percent.
Grades:
Concepts:
- Exchange Rate
- Exports
- Imports
Standards:
- Economics 11: Role of Money
- Economics 12: Role of Interest Rates
- Economics 15: Growth
- Economics 16: Role of Government
- Economics 18: Macroeconomy-Income/Employment, Prices
- Economics 19: Unemployment and Inflation
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