Consumer Confidence Video

Consumer Confidence is how consumers feel about the economy...

• now

• future

What university oversees the Consumer Sentiment Index?

• University of Texas, Austin

• University of California

• University of Michigan

• Texas A&M University

Is consumer sentiment a reliable indicator of what will happen with GDP?

• Yes, pretty reliable

• No, not reliable

Approximately, what percentage of GDP is made up of Consumer Spending (consumption) in the U.S.? (review question from unit 2)

• 50%

• 70%

• 10%

• 100%

Match the indicator with the correct index

Groups:

(a) Consumer Sentiment Index

,

(b) Consumer Confidence Index

• the job market

• inflation

Which index showed the biggest decline in the U.S. during 2022 when we were experiencing higher than average inflation.

• Consumer Sentiment Index

• Consumer Confidence Index

How do negative feelings about inflation potentially become a self-fulfilling prophecy?