The National University System was established in 2001 to meet the emerging challenges and demands of education in the 21st century. The System is uniquely aligned to connect a diverse population of students to a network of innovative educational programs that are relevant to their lives, careers, and the marketplace and are delivered in a format that respects competing life priorities.
Roger Showley, U-T SAN DIEGO
Friday, December 26, 2014
Kelly Cunningham, National University System
Answer: Gross Domestic Product
GDP, the market value of all final goods and services produced, is the most comprehensive measure of the nation’s economy. Estimates of each quarter’s U.S. GDP are issued by the Bureau of Economic Analysis. Preliminary initial estimates are released soon after each quarter ends, but revised more accurate estimates are later issued. While the initial estimate gets the most attention, subsequent revisions may be substantially different. Thus the more accurate estimate lags by up to a year. The nation averaged 2.2 percent “real” GDP growth over the past five years. Significantly stronger growth is needed for healthy sustainable expansion.
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