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Focus on Economic Data: Productivity - April 2002
Source: Council for Economic Education (EconEdLink) | Type: Lesson
The Bureau of Labor Statistics of the U.S. Department of Labor today reported new productivity data--as measured by output per hour of all persons--for the first quarter of 2002. The seasonally-adjusted annual rates of productivity growth in the first quarter
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
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