What Would The American Economy Look Like If COVID Never Happened?

The video explores the profound impact of COVID-19 on the global economy, highlighting government stimulus measures, supply chain disruptions, and the acceleration of existing economic trends. It compares the pandemic's effects to the Global Financial Crisis, emphasizing the differences between demand and supply side downturns. Through case studies, it illustrates how businesses were affected and discusses the concept of 'zombie companies.' The video concludes with an analysis of the USA's economic position, placing it at the top of the economic leaderboard.

What was one of the major changes in public behavior due to COVID-19?

• Increased attention to economic news

• More focus on local politics

• Less concern about health issues

• Decreased interest in technology

What was a significant factor in the economic tensions between China and the USA?

• China's currency devaluation

• China's respect for intellectual property

• USA's increase in import tariffs

• USA's withdrawal from trade agreements

What was a key lesson learned from the Global Financial Crisis?

• Decrease in interest rates

• Focus on supply-side economics

• Reduction in global trade

• Increase in government spending directed towards households

How did the COVID-19 pandemic primarily affect the economy?

• By increasing demand for goods

• By causing supply-side issues

• By reducing government spending

• By stabilizing global markets

What is a 'zombie company'?

• A company that operates in the entertainment industry

• A company that survives due to government support despite being unprofitable

• A company that thrives during economic downturns

• A company that leads in technological innovation

What was one of the unintended consequences of government stimulus during COVID-19?

• Increase in unemployment

• Rise of zombie companies

• Decrease in consumer spending

• Reduction in inflation

What percentage of the world's output does the US account for?

• 10%

• 25%

• 50%

• 75%

How does the US compare to other countries in terms of GDP per capita?

• It is higher than most advanced economies

• It is lower than most advanced economies

• It is the lowest among oil-rich countries

• It is similar to developing countries

What is one reason for the US's strong economic position?

• Its isolation from global markets

• Its reliance on a single industry

• Its broad selection of value-adding industries

• Its small population

What is the average score of the USA on the economics leaderboard?

• 8.5 out of 10

• 9.4 out of 10

• 6.8 out of 10

• 7.2 out of 10