G7 Real GDP: Meet The Global New Mediocre

The video discusses various economic concepts, including GDP trends, secular stagnation, and the impact of demographics and the financial crisis on growth. It highlights concerns about future productivity and growth, emphasizing the importance of employment even during slow growth periods. The discussion also touches on inequality and its influence on policy-making.

What does the chart of G7 GDP primarily illustrate according to the discussion?

• The influence of global trade

• The role of government policies

• The effects of demographics and financial crises

• The impact of technological advancements

What concern is expressed about future economic growth?

• That it will be too slow to meet demands

• That productivity might grow faster than society can adapt

• That it will lead to increased inflation

• That it will cause a rise in unemployment

Why is avoiding a recession considered important in the discussion?

• Because it ensures technological progress

• Because it maintains employment levels

• Because it increases consumer spending

• Because it reduces government debt

What issue has increased within wealthy countries, according to the final section?

• Technological inequality

• Income inequality

• Healthcare inequality

• Educational inequality

What policy is suggested as a means to address income inequality?

• Monetary policy

• Trade policy

• Tax policy

• Immigration policy