Focus on Economic Data: U.S. Real GDP Growth, November 30, 2014
Source: Council for Economic Education (EconEdLink) | Type: Lesson
In this lesson, students explore the revised estimate of real GDP data for the third 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 revised estimate of the 3Q 2014 activity. Students will understand the recent trends in real GDP, as well as gain insight into the purpose and role of seasonal adjustments in GDP reporting. They will also analyze broader patterns of GDP growth to make more accurate judgments about the true state of the economy's health.
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