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Focus on Economic Data: Productivity - August 7, 2003
Source: Council for Economic Education (EconEdLink) | Type: Lesson

The preliminary second quarter productivity growth rate 5.7%, was released on August 7. This is a faster rate of growth in productivity than during the first quarter revised productivity growth rate and faster than the rate (3.8%) over the last twelve months. The next productivity lesson will be online September 4 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 - September 5, 2002
• Focus on Economic Data: Productivity - November 7, 2002
• Focus on Economic Data: Productivity - February 6, 2003

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