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Focus on Economic Data: Gross Domestic Product - December 2001
Source: Council for Economic Education (EconEdLink) | Type: Lesson
Real Gross Domestic Product (GDP) during the third quarter of 2001 decreased at an annual rate of 1.3 percent. This is the “final” estimate for the third quarter and is based on more complete source data than the previous two estimates.
Grades:
Concepts:
- Consumers
- Economic Growth
- Exports
- Government Expenditures
- Gross Domestic Product (GDP)
- Imports
- Investing
- Nominal Gross Domestic Product (GDP)
- Potential Gross Domestic Product (GDP)
- Real Gross Domestic Product (GDP)
Standards:
- Economics 15: Growth
- Economics 18: Macroeconomy-Income/Employment, Prices
- Economics 19: Unemployment and Inflation
- Economics 20: Monetary and Fiscal Policy
Related Resources:
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