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 were the revised GDP growth numbers for the second quarter?

How did personal consumption change from 1/6 to 1/7?

What is the GDP price index on a year-over-year basis?

What was the advanced goods trade balance in the latest report?

What changes were observed in wholesale and retail inventories?