Explore the connection between the economic indicators and real-world issues. These lessons typically can be done in one class period.
Real Gross Domestic Product (GDP) during the third quarter (July through September) of 2003 increased at an annual rate of 7.2 percent.
Real gross domestic product (GDP) during the first quarter (January through March) of 2005 increased at an annual rate of 3.1 percent. This is an advance estimate of the change in real GDP for the first quarter. The increase in real GDP was primarily due to increases in consumption and inventory, software, equipment, and residential housing investment. Imports increased during the quarter.