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Focus on Economic Education: Gross Domestic Product - June 28, 2007
Source: Council for Economic Education (EconEdLink) | Type: Lesson
Real Gross Domestic Product (GDP) during the first quarter (January, February, and March) of 2007 increased at an annual rate of .7 percent (seven-tenths of one percent). This is the third estimate of the rate of change for the first quarter of 2007.
Grades:
Concepts:
- Consumers
- Economic Growth
- Exports
- Government Expenditures
- Gross Domestic Product (GDP)
- Imports
- Investing
- Nominal Gross Domestic Product (GDP)
- Per Capita Gross Domestic Product (GDP)
- Real Gross Domestic Product (GDP)
Standards:
- Economics 11: Role of Money
- Economics 15: Growth
- Economics 18: Macroeconomy-Income/Employment, Prices
- Economics 19: Unemployment and Inflation
- Economics 20: Monetary and Fiscal Policy
Related Resources:
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