Focus on Economic Data: U.S. Real GDP Growth, April 28, 2011
This lesson printed from: Each month, the Bureau of Economic
Analysis (BEA), an agency of the U.S. Department of Commerce,
releases an estimate of the level and growth of U.S. gross
domestic product (GDP), the output of goods and services
produced by labor and property located in the United States.
This lesson focuses on the BEA's first (advance) estimate of
real GDP growth released on April 30, 2010, for the first
quarter of 2010 (January-March.) Understanding the level and
rate of growth of the economy's output (GDP) helps to better
understand growth, employment trends, the health of the business
sector, and consumer well-being. - Determine the current and
historical growth of U.S. real gross domestic product. -
Identify the components of the measurement of the nation's gross
domestic product. - Assess the relationship of real GDP data,
the indexes of economic indicators, and business cycles. -
Speculate about the nature and impact of current econ