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This lesson focuses on the second estimate of U.S. real gross domestic product for the fourth quarter (Q4) of 2011, as reported by the U.S. Bureau of Economic Analysis (BEA) on February 29, 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.
Not Rated Yet.