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Focus on Economic Data: Gross Domestic Product - March 2005
Source: Council for Economic Education (EconEdLink) | Type: Lesson

Real gross domestic product (GDP) during the first quarter (January through March) of 2005 increased at an annual rate of 3.1 percent. This is an advance estimate of the change in real GDP for the first quarter. The increase in real GDP was primarily due to increases in consumption and inventory, software, equipment, and residential housing investment. Imports increased during the quarter.




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