EconEdLink
Related Lessons
Lesson: Focus on Economic Data: U.S. Gross Domestic Product - June 29, 2006
Focus on Economic Data: U.S. Gross Domestic Product - April 27, 2007
Explore the connection between the economic indicators and real-world issues. These lessons typically can be done in one class period.
Focus on Economic Data: Gross Domestic Product - December 2002
Real Gross Domestic Product (GDP) during the fourth quarter (October through December) of 2002 increased at an annual rate of 0.7 percent. For the entire 2002 year, real GDP increased at a rate of 2.4 percent. This is the advance release of the data for the quarter and will be updated in the February 28th release of the GDP data. This compares to rates of 5.0 percent in the first quarter, 1.3% in the second quarter of year, and 4.0% in the third quarter. 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.
Focus on Economic Data: Gross Domestic Product - First Quarter 2003
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.