Focus on Economic Data: U.S. Real GDP Growth, March 27, 2015
Source: Council for Economic Education (EconEdLink) | Type: Lesson
In this lesson, students explore the advance estimate of real GDP data for the fourth 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 4Q 2014 activity. Students will understand the recent trends in real GDP, the role of exports and imports, and the effect of trade balance on GDP and GDP growth.
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