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This lesson focuses on the February 27, 2009, preliminary announcement of U.S. real gross domestic product (Real GDP) for the fourth quarter of 2008, reported by the U.S. Bureau of Economic Analysis (BEA). The current data and historical 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.