U.S. Real GDP Growth, Q1 2012 (April 27, 2012)
This lesson focuses on the April 27, 2012, first (advance) estimate of U.S. real gross domestic product (real GDP) growth for the first quarter (Q1) of 2012, as 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. The lesson will also raise questions about the impact of the current level of growth on the U.S. economy and individuals.