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Focus on Economic Data: U.S. Real GDP Growth, 2nd Quarter 2012 (second estimate)
Source: Council for Economic Education (EconEdLink) | Type: Lesson

This lesson focuses on the August 29, 2012, second estimate of U.S. real gross domestic product (real GDP) for the second quarter (Q2) of 2012, 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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