Grade 9-12
,
Activity
What is Productivity and Why is It Important?
Objective
Students will be able to:
- Describe the basic principles of productivity and determine why it is important.
Standard
National Standards in Economics
Economic Growth
Standard: 15
- Students will understand that: Investment in factories, machinery, new technology, and in the health, education, and training of people stimulates economic growth and can raise future standards of living.
- Students will be able to use this knowledge to: Predict the consequences of investment decisions made by individuals, businesses, and governments.
Markets and Prices
Standard: 7
- Students will understand that: Markets exist when buyers and sellers interact. This interaction determines market prices and thereby allocates scarce goods and services.
- Students will be able to use this knowledge to: Identify markets in which they have participated as a buyer and seller and describe how the interaction of all buyers and sellers influences prices. Also, predict how prices change when there is either a shortage or surplus of the product available.
Concepts
In this economics activity, students will examine the relationship between labor and productivity.
Resources
Procedure
This individual activity requires students to review a slide presentation and complete a quiz about productivity. To complete this activity, students should follow the instructions below:
- View the first two sets of Productivity 101 slides (What is Productivity and Why is It Important) on the BLS web site.
- After reviewing the slides, answer the questions in the Quizizz activity, worksheet, or ReadyAssessments Activity
- Then, check your answers with the answer key.