Date:January 03, 2012

Focus on Economic Data: U.S. Real GDP Growth (Third Estimate)

This lesson focuses on the third and final estimate of U.S. real gross domestic product for the second quarter (Q2) of 2012, as reported by the U.S. Bureau of Economic Analysis (BEA) on September 27, 2012. The current data and historical GDP data are explained. The meaning of GDP and potential impacts of changes of GDP are explored. This lesson will also raise questions about the impact of the current level of growth on the U.S. economy and individuals.