Question.5160 - 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.
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The xxxxxx increase xx GDP xxxxxx the xxxxxx quarter xxx primarily xxxxxx by x surge xx consumer xxxxxxxx a xxxxx driving xxxxx behind xxx nation's xxxxxxxx growth xxx substantial xxxxxxxx impacts xx business xxxxxxxxxxx exports xxx government xxxxxxxx were xxxxxxx significant xxxxxxx consumer xxxxxxxx experienced xxxxxxxxxx growth xx durable xxxxx such xx automobiles xxx appliances xxxxxxxx investments x pivotal xxxxxx in xxx quarter's xxxxxxxxxxx saw xxxxxxx expansion xx non-residential xxxxxxxxxx and xxxxxxxxx RELEASE xxx third xxxxxxx saw x slowdown xx GDP xxxxxx registering x rate xx percent xxxxxxxxx due xx a xxxxxxxxxxxx in xxxxxxxx spending xxx a xxxxxxxx in xxxxxxxxxxx fixed xxxxxxxxxx Additionally xxxxx was x decrease xx private xxxxxxxxx investment xxx a xxxxxx growth xx exports xxx fluctuations xx GDP xxxxxx between xxx second xxx third xxxxxxxx can xx attributed xx variations xx consumer xxxxxxxx business xxxxxxxxxxx and xxxxx economic xxxxxxxxxx The xxxxxxx also xxxxxxxxxxx slower xxxxxx growth xxx decreased xxxxxxx inventory xxxxxxxxxx The xxxxxxx in xxx growth xxxxxxx the xxxxxx and xxxxx quarters xxx be xxxxxxxxxx to xxxxxxxxxx in xxxxxxxx spending xxxxxxxx investments xxx other xxxxxxxx activities xxxxxxxxxxxxxxxxx E x July xxxxx Domestic xxxxxxx Second xxxxxxx Advance xxxxxxxx Retrieved xxxx BEA xxxxx www xxx gov xxxx gross-domestic-product-second-quarter- xxxxxxxxxxxxxxxxxMore Articles From Economics 2 Sec A01 (20250)
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