Cross Timbers Business Report, Volume 24, Number 2, Winter 2011 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 24, No.2
GDP Continues Growth
By Valerie A. Stevens
According to the U.S Department of Commerce,
real gross domestic product (GDP), the dollar
measure of all goods and services produced in the
U.S economy, has showed increases for the past six
quarters. The third quarter of 2009 measured out a
2.5 percent increase in GDP, and the fourth quarter
showed an increase of 3.1 percent. The increase in
real GDP for the fourth quarter came primarily
from personal consumption, exports, and nonresi-
dential fixed investments.
The Wall Street Journal stated that consumer
spending rose 4.4 percent in the last quarter of
2010, which doubled the average rise in spending in
the previous three quarters. The holiday season pre-
sented welcome news, as shoppers showed increas-
ing willingness to return to the marketplace.
Federal government spending for goods and ser-
vices decreased 0.2 percent in the fourth quarter,
while outlays by state and local governments re-
flected a 0.9 percent decline.
Exports, which increase the GDP growth statis-
tic, grew by 8.5 percent in the fourth quarter, while
imports fell by 13.6 percent.
Gross domestic product estimates are reported
on a quarterly basis by the Department of Com-
merce. A second GDP estimate with more complete
data will be released at a later date.
Changes in Real GDP
Annual Percentage Rates
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2008 2009 2010
Source: Bureau of Economic Analysis, U. S. Department of Commerce
Valerie A. Stevens is a senior at Tarleton State
University. She graduates in the summer with a
BBA in Economics and a minor in accounting. Va-
lerie also serves as student editor for this seme-
ster 's Cross Timbers Business Reports.
Energy Costs Boost Consumer Prices
By: Ethan Chesnut
(Annual Changes in Consumer Prices)
Rising gasoline prices pushed the consumer
price index sharply higher in December and contri-
buted to an accelerating inflation rate in 2010's fi-
The Bureau of Labor Statistics reported infla-
tion rates of 2.7 percent in October, 1.1 percent in
November, and 6.6 percent in December. The 6.6
percent rise is the largest increase since June of
2010 ended with an inflation rate of 1.4 per-
cent. This rise is lower than the 2.8 percent figure
in 2009 and higher than the -0.2 percent of 2008.
Ethan Chesnut is a senior majoring in Accounting
at Tarleton State University.
Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov
Source: Bureau of Labor Statistics
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Tarleton State University. College of Business Administration. Cross Timbers Business Report, Volume 24, Number 2, Winter 2011, periodical, Winter 2011; Stephenville, Texas. (texashistory.unt.edu/ark:/67531/metapth284685/m1/1/: accessed August 17, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting Tarleton State University.