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Focus on Economic Data: Gross Domestic Product - May 2004
Source: Council for Economic Education (EconEdLink) | Type: Lesson
Real Gross Domestic Product (GDP) during the first quarter (January through March) of 2004 increased at an annual rate of 4.4 percent. This is a .2 percent increase over the initial announcement one month ago.
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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