What’s Behind U.K.’s Rising Inflation Rate?

What’s Behind U.K.’s Rising Inflation Rate?

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the causes and trends of inflation, highlighting the impact of early Easter and clothing prices. It explores the potential effects of Brexit on the UK economy, including rate cuts and currency depreciation. The discussion also covers the UK's economic momentum, investment decisions, and the implications of a weaker sterling. Finally, it speculates on post-Brexit economic measures, such as quantitative easing and rate adjustments.

Read more

7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What were the main factors contributing to the inflation figures discussed in the video?

Early Easter and increased airfares and clothing prices

Higher taxes and government spending

Rising oil prices and housing costs

Increased food prices and healthcare costs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How might the outcome of the Brexit vote influence the Bank of England's interest rate decisions?

A vote to stay will result in immediate rate hikes

A vote to leave could lead to rate cuts and quantitative easing

Interest rates will remain unchanged regardless of the vote

The Bank of England will focus solely on inflation figures

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the potential risk if the UK's economic strength is underestimated post-Brexit vote?

The UK will experience hyperinflation

Interest rates might need to be raised twice in a year

The UK will have a trade surplus

The UK might face a severe recession

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the UK's industrial production figures compare to Germany's?

Both countries showed significant growth

Germany's industrial production accelerated while the UK's fell

Both the UK and Germany showed a decline

The UK showed growth while Germany declined

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What might be the Bank of England's response to a Brexit vote?

Focus on reducing government spending

Implement more quantitative easing and cut rates

Increase interest rates immediately

Strengthen the pound through foreign exchange interventions

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected impact on the Eurozone if the UK votes for Brexit?

No significant impact on the Eurozone

Strengthening of the euro and potential rate cuts

Immediate economic growth in the Eurozone

The Eurozone will adopt the British pound

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the anticipated trend for UK inflation in the three years following a Brexit decision?

Inflation will remain stable

Inflation will fall initially but pick up later

Inflation will rise continuously

Inflation will not be affected by Brexit