Focus on Economic Data: U.S. Real GDP Growth, August 26, 2011
Source: Council for Economic Education (EconEdLink) | Type: Lesson
This lesson focuses on the August 26, 2011, second estimate of U.S. real gross domestic product (real GDP) and real GDP growth for the second quarter (Q2) of 2011, as reported 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 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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