Focus on Economic Data: Gross Domestic Product - February 2002
Source: Council for Economic Education (EconEdLink) | Type: Lesson
Real Gross Domestic Product (GDP) during the fourth quarter (October through December) of 2001 increased at an annual rate of 1.4 percent. This is the "preliminary" estimate for the fourth quarter and is a revision of the announcement of a .2 percent increase that was made one month ago. It is still based on incomplete data and will be revised in the "final" estimates one month from now. During the first three quarters of 2001, real GDP changed at annual rates of +1.3 percent, +0.3 percent and -1.3 percent respectively.
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