Question.4729 - Week 6 Discussion"Real gross domestic product (GDP) increased at an annual rate of 3. percent in the second quarter of 2023" following a 1.4 percent increase in the third quarter, according to the second estimate released by the Bureau of Economic Analysis (BEA). Review the BEA's August 2024 news release and explain what contributed to these changes https://www.bea.gov/news/2024/gross-domestic-product-second-estimate-corporate-profits-preliminary-estimate-secondLinks to an external site.
Answer Below:
The robust increase in GDP during the second quarter was primarily fueled by a surge in consumer spending, a major driving force behind our nation's e...
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