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\nHow The U.S. Economy Just Lost 33% Of Its Value: The End Of Growth\n

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\n\nPublisher:\n\nEconomics Explained\n\n\n
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\nLast Thursday on the 30th of July 2020, the U.S. Bureau of Economic Analysis released its 2nd quarter Gross Domestic Product report.The report noted a 32.9% contraction in annual GDP growth in the months of April, May, and June. For...\nLast Thursday on the 30th of July 2020, the U.S. Bureau of Economic Analysis released its 2nd quarter Gross Domestic Product report.

The report noted a 32.9% contraction in annual GDP growth in the months of April, May, and June.

For reference, the 2008 subprime mortgage crisis of 2008 saw an 8% drop in annualized GDP figures at its peak.

Helping you become more knowledgeable about how the world works, our content covers the biggest topics and headlines through the eyes of economists. The team explores a wide range of subjects improving your ability to understand the world more clearly.
This is economics, explained.

How The U.S. Economy Just Lost 33% Of Its Value Part 2\n
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Resource Details

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Educator Rating
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Media Length
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5:21
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Grade
9th - Higher Ed
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Subjects
Social Studies & History
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Instructional Videos
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Source:
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\nEconomics Explained\n\n
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Date
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2020
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Language
English
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Audiences
For Teacher Use
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Fine Print: Educational Use
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Concepts

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money, inflation, demand, economy, time, breakfast
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Best For: Explaining a topic
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