Focus on Economic Data: Gross Domestic Product - September 2002
Source: Council for Economic Education (EconEdLink) | Type: Lesson
Real Gross Domestic Product (GDP) during the second quarter (April through June) of 2002 increased at an annual rate of 1.3 percent. This is the final release of the number and was revised upward from the preliminary rate of 1.1% released on August 29. This compares to a rate of 5.0% in the first quarter of 2002. During 2001, real GDP changed at annual rates of -.6 percent, -1.6 percent, -.3 percent and +2.7 percent for each quarter respectively.
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