US GDP Rises by a Revised 2.1% in Second Quarter

The video discusses revisions to GDP numbers, highlighting a decrease in second quarter growth to 2.1% and an increase in personal consumption. It covers the GDP price index and its implications for future economic projections. The video also examines third quarter growth indicators, including trade balance and inventory changes, and their potential impact on economic growth.

What was the revised GDP growth rate for the second quarter?

• 2.4%

• 2.1%

• 3.0%

• 1.8%

How was personal consumption revised in the second quarter?

• From 1/6 to 1/7

• From 1/5 to 1/6

• From 1/7 to 1/8

• From 1/8 to 1/9

What is the year-over-year increase in the GDP price index?

• 1.5%

• 2.0%

• 2.5%

• 3.7%

What was the change in the advanced goods trade balance?

• Narrowed to 88.8 billion

• Widened to 91.2 billion

• Remained at 90 billion

• Widened to 95 billion

How did retail inventories change compared to the previous month?

• Increased by 3/10

• Decreased by 3/10

• Increased by 7/10

• Remained the same