Focus on Economic Data: U.S. Real GDP Growth, Revised Estimate 2Q 2014
Source: Council for Economic Education (EconEdLink) | Type: Lesson
In this lesson, students explore the revised real GDP data for the second quarter of 2014. These data, released by the Bureau of Economic Analysis, are presented first as estimates, then as revisions as more data for the time period is collected. This lesson uses data from the final estimate of the 2Q 2014 activity. Students will understand the recent trends in real GDP, the causes for these trends, and investigate the components of real GDP. They will also use this understanding to analyze the impact of other variables on real GDP. To begin the academic year, this is a basic lesson, which will be built upon as the year progresses.
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