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Focus on Economic Data: Productivity - August 9, 2005
Source: Council for Economic Education (EconEdLink) | Type: Lesson

The preliminary second quarter productivity growth rate 2.2%, was released on August 9. This is a slower rate of growth in productivity than the first quarter revised productivity growth rate. The next productivity lesson will be online September 7 and will discuss the revised productivity growth rate for the second quarter.

Grades:

• 9-12

Concepts:

• Economic Growth
• Nominal Gross Domestic Product (GDP)
• Per Capita Gross Domestic Product (GDP)
• Production
• Productivity
• Real Gross Domestic Product (GDP)

Standards:

• Economics 13: Role of Resources in Determining Income
• Economics 15: Growth
• Economics 18: Macroeconomy-Income/Employment, Prices
• Economics 20: Monetary and Fiscal Policy

Related Resources:

• Focus on Economic Data: Productivity - March 3, 2005
• Focus on Economic Data: Productivity - October 2001
• Focus on Economic Data: Productivity - September 2001

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