Real Gross Domestic Product (GDP) during the first quarter (January through March) of 2002 increased at an annual rate of 5.6 percent. This is the preliminary estimate for the first quarter, a downward revision from the advance estimate of 5.8 percent, and will be revised in the final estimate that is released next month. During 2001, real GDP changed at annual rates of +1.3 percent, +0.3 percent, -1.3 percent and +1.7 percent for each quarter respectively.
Real Gross Domestic Product (GDP) during the third quarter (July through September) of 2002 increased at an annual rate of 4.0 percent. This is described as the preliminary release and is a more rapid rate of increase than the previously announced rate of 3.1 percent. It will be once again updated in the December 20th release of the GDP data. This compares to rates of 5.0 percent in the first quarter and 1.3% in the second quarter of this year. 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.
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.
The following lessons come from the Council for Economic Education's library of publications. Clicking the publication title or image will take you to the Council for Economic Education Store for more detailed information.
Teaching Financial Crises is an eight lesson resource that provides an organizing framework in which to contextualize all of the media attention that has been paid to the recent financial crisis, as well as put it in a historical context. The current events stories, opinion pieces, and other popular media pieces that are today in great supply have generally not connected to educational objectives, historical analysis, and economic processes and concepts that are used in the high school classroom. In Teaching Financial Crises, teachers will find a non-partisan and non-ideological resource to help them simplify and offer balanced perspectives on this challenging subject matter.
5 out of 9 lessons from this publication relate to this EconEdLink lesson.
This revised edition features simulations, role plays, small-group discussions and other active-learning instructional activities to help students explore economic concepts through real-life applications.
3 out of 21 lessons from this publication relate to this EconEdLink lesson.
Focus: Understanding Economics in U.S. History uses a unique mystery-solving approach to teach U.S. economic history to your high school students.
3 out of 40 lessons from this publication relate to this EconEdLink lesson.