U.S. Consumer Spending Jumps 4.2% In March

U.S. Consumer Spending Jumps 4.2% In March

Assessment

Interactive Video

Business

University

Hard

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The video discusses the encouraging economic recovery of the country post-COVID-19, highlighting a 6.4% increase in GDP in the first quarter. This growth is attributed to the easing of restrictions, increased vaccination efforts, and the distribution of $1400 relief checks, which boosted consumer spending beyond necessities.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the country trying to recover from?

Technological disruptions

Natural disasters

Political instability

COVID-19 economic impacts

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does GDP stand for?

General Domestic Production

Global Domestic Product

Gross Domestic Product

Gross Development Plan

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

At what rate did the GDP increase in the first quarter?

7.4%

5.4%

4.6%

6.4%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following was NOT a factor in increased spending?

Easing of restrictions

$1400 relief checks

Increased vaccination efforts

Introduction of new taxes

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the purpose of the $1400 relief checks?

To encourage savings

To invest in stocks

To incentivize spending

To pay off debts