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Focus on Economic Data: Productivity - December 2001
Source: Council for Economic Education (EconEdLink) | Type: Lesson
The increase in productivity growth during the fourth quarter of 2001, 3.5 percent, was greater than the increase in the third quarter (1.5%) and the increase for the year (1.8%). This is a preliminary estimate of productivity growth and may be revised in the coming months.
Grades:
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:
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