Data for the Classroom from
Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/ US GDP Growth at 1.8% in First Quarter 2011 Posted May 26, 2011 Terms of Use: These slides are made available under Creative Commons License Attribution—Share Alike 3.0 . You are free to use these slides as a resource for your economics classes together with whatever textbook you are using. If you like the slides, you may also want to take a look at my textbook, Introduction to Economics , from BVT Publishers.

US GDP Growth Q1 2011
<ul><li>US GDP grew at an estimated 1.8% annual rate in Q1 2011 </li></ul><ul><li>The January-March 2011 quarter was the 7 th consecutive quarter of growth since the end of the recession that lasted from Dec 2007 to Jun 2009 </li></ul><ul><li>The growth rate of 1.8 percent disappointed many observers. Growth is expected to recover somewhat later in the year, but the recovery remains weak </li></ul>Posted May 26, 2011 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com

Sources of US GDP Growth
Q1 2011 <ul><li>Consumption was the fastest growing GDP component, but slower than in Q4 2010 </li></ul><ul><li>Investment grew at 1.45%, with strong business equipment purchases offsetting weak residential investment </li></ul><ul><li>Federal, state, and local government spending all declined, led by a drop in defense spending </li></ul><ul><li>Net exports were almost unchanged, as strong export growth was slightly more than offset by rising imports </li></ul>Posted May 26, 2011 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com