Why Britain's Economy is F***ed

Why Britain's Economy is F***ed

Assessment

Interactive Video

Social Studies, Business

11th Grade - University

Hard

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The UK has faced significant economic challenges since the pandemic, with the lowest growth in the G7 and high inflation. Longstanding issues like slow productivity and wage growth have been worsened by recent events such as the pandemic, Brexit, and a controversial mini-budget. The UK economy has struggled more than its peers, with increased economic inactivity and reduced exports and investment. These factors have led to a forecasted recession and a slow return to pre-pandemic growth levels.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the UK's inflation rate as of October, and how does it compare to Germany's?

11.1%, equal to Germany's 11.1%

11.1%, higher than Germany's 10.4%

10.4%, lower than Germany's 11.1%

10.4%, higher than Germany's 11.1%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the UK's productivity growth rate post-2008 financial crisis?

2.7%

1.7%

3.0%

0.5%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which countries had lower productivity growth than the UK in the G20 from 2010 to 2019?

Spain and Portugal

France and Germany

Canada and Japan

Italy and Greece

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant reason for the increase in economically inactive people in the UK post-pandemic?

Higher education enrollment

Increased retirement rates

High unemployment rates

Long-term sickness, often long COVID

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What financial event is linked to a spike in government borrowing costs in the UK?

The pandemic

The 2008 financial crisis

Liz Truss's mini-budget

Brexit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Since the Brexit deal, how have the UK's goods exports performed compared to the rest of the G7?

They have significantly increased

They have remained stable

They have slightly decreased

They have lagged significantly

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the estimated reduction in GDP growth attributed to Brexit since 2016?

5.2%

4.1%

2.5%

3.8%