Cross Timbers Business Report, Volume 23, Number 3, Spring 2010 Page: 1
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Cross Timbers Business Report
Published by the College of Business Administration, Tarleton State University
Articles by Members of Delta Mu Delta, William L. Beaty, Faculty Editor
Volume 23, No.3
Economic Growth Continues
By Douglas Knauth
Real gross domestic product (GDP), the inflation-
adjusted value of all goods and services produced in the
United States, rose at a 3.2 percent annual rate in the first
quarter of 2010. This move follows the previous quarter's
5.4 percent growth. While the fourth-quarter figure was
likely boosted by a one-time slowdown of inventory liqui-
dation, last quarter's growth rate showed positive signs for
According to The Wall Street Journal, Consumer
Spending, which accounts for approximately 70 percent of
total output, increased 3.6 percent, up from the fourth quar-
ter's 1.6 percent growth. Much of this sector's increase is
found in durable goods expenditures, which increased 11.3
Housing, continued to weigh on growth numbers, with
residential fixed investment down by 10.8 percent. With
the end of government tax credits for first-time home buy-
ers, both housing construction and sales slumped.
The federal government increased spending by 1.4
percent in the first quarter, up from the fourth-quarter's
Real exports increased by 5.8 percent, down from the
22.8 percent growth experienced in the previous quarter.
Real imports rose by 8.9 percent, down from 15.8 percent
growth in the previous period.
Changes in Real GDP
Annual Percentage Rates
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2008 2009 2010
Source: Bureau of EconomicAnalysis, U. S. Department of Commerce
Douglas Knauth majors in economics and is a member of
Delta Mu Delta & Omicron Delta Epsilon at Tarleton State
Inflation Not Seen As a Threat
By Morgan E. Kuykendall
After a moderate and stable inflation pattern from Sep-
tember to December 2009, price changes slowed even more
(Annual Changes in Consumer Prices)
in early 2010, according to a recent report from the Bureau
of Labor Statistics.
Annualized monthly changes in the consumer price
index, the country's most quoted inflation measure, moved
in a narrow range around 2 percent in 2009's final quarter.
In early 2010, inflation rates moved from 2.2 percent in
January to zero percent in February to 0.6 percent in
March. This slowdown is found in a wide variety of goods
Consumer price index changes are reported monthly
and are closely followed by economists as an inflation in-
dicator. Cost of living adjustments for many workers and
for Social Security recipients are also based on this index.
Morgan E. Kuykendall is pursuing a MS. degree in Man-
agement and Leadership at Tarleton State University.
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Source Bureau of Labor Statistics
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Tarleton State University. College of Business Administration. Cross Timbers Business Report, Volume 23, Number 3, Spring 2010, periodical, Spring 2010; Stephenville, Texas. (texashistory.unt.edu/ark:/67531/metapth284683/m1/1/: accessed June 23, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting Tarleton State University.