Focus on Economic Data: U.S. Real GDP Growth, 2nd Quarter 2012 (Third Estimate)
Source: Council for Economic Education (EconEdLink) | Type: Lesson
This lesson focuses on the third and final estimate of U.S. real gross domestic product for the second quarter (Q2) of 2012, as reported by the U.S. Bureau of Economic Analysis (BEA) on September 27, 2012. The current data and historical GDP data are explained. The meaning of GDP and potential impacts of changes of GDP are explored. This lesson will also raise questions about the impact of the current level of growth on the U.S. economy and individuals.
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