Focus on Economic Data: U.S. Real GDP Growth, January 7, 2015
Source: Council for Economic Education (EconEdLink) | Type: Lesson
In this lesson, students explore the final (third) 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 final estimate of the 3Q 2014 activity. Students will understand the recent trends in real GDP, as well as gain insight into the problems and limitations inherent in measuring GDP.
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