2018 Economic Year in Review

The video reviews key economic concepts and events from 2018, including GDP growth, unemployment, inflation, and trade wars. It highlights the impacts of globalization, political issues, and technological advancements. The video concludes with a reflection on the benefits of living in 2018, emphasizing the importance of free markets and innovation.

What is the primary focus of microeconomics as discussed in the video?

• The role of international trade in economic growth

• The study of individual markets and consumer behavior

• The impact of government policies on the economy

• The analysis of national economic trends

Which economic indicator was highlighted as strong in 2018?

• High inflation rates

• Rising unemployment

• Decreasing interest rates

• Strong GDP growth

What was a significant international issue affecting the economy in 2018?

• Peace treaties in the Middle East

• Trade war with China

• Brexit negotiations

• Oil price fluctuations

Which company was mentioned as having closed stores in 2018?

• Google

• Toys R Us

• Apple

• Amazon

What is a key benefit of living in 2018 according to the video?

• Higher inflation rates

• Lower taxes

• Access to modern medicine and technology

• Increased government control