Focus on Economic Data: U.S. Real GDP Growth, February 28, 2008
Source: Council for Economic Education (EconEdLink) | Type: Lesson
This lesson focuses on the February 28, 2008, preliminary report on Real Gross Domestic Product (Real GDP), produced by the U.S. Bureau of Economic Analysis (BEA). The current data and historical data are explained. The meaning of GDP and potential impacts of changes of GDP are explored. This Focus on Economic Data will also raise question about the potential for a recession in the United States in 2008.
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