Focus on Economic Data: Gross Domestic Product - First Quarter 2003
Source: Council for Economic Education (EconEdLink) | Type: Lesson
Real Gross Domestic Product (GDP) during the first quarter (January through March) of 2003 increased at an annual rate of 1.4 percent. For the entire 2002 year, real GDP increased at a rate of 2.4 percent. This is the final release of the data for the quarter. This compares to annual rates of 5.0, 1.3, 4.0, and 1.4 percent in each of the four quarters of 2002. During 2001, real GDP increased by .3 percent - a year in which real GDP fell during the first three quarters. Annual growth rates in 1999 and 2000 were 4.1 percent and 3.8 percent.
Grades:
Concepts:
Standards:
Related Resources: