VOICED: Japan's economy remains fragile despite rebound

VOICED: Japan's economy remains fragile despite rebound

Assessment

Interactive Video

Business, Social Studies, Economics

9th - 12th Grade

Hard

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Japan's GDP grew by 0.9% in the second quarter, marking a return to positive growth after five quarters of recession. Despite this, unemployment hit a record high of 5.7% in July, with over a million job losses since last year. The economic rebound is partly due to a sharper decline in the previous months. Prime Minister Taro Aso's government faces challenges with rising unemployment and a massive national debt, which is 200% of GDP. Efforts to boost spending through cash handouts have not prevented a drop in household spending. The new government must address these issues while fulfilling electoral promises.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the GDP growth rate of Japan in the second quarter?

0.9%

0.5%

1.5%

2.0%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is Japan's economic recovery considered stronger than that of Europe and America?

Due to increased foreign investments

Because of higher government spending

Due to a stronger rebound after a faster decline

Because Japan's economy did not decline as much

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the unemployment rate in Japan in July?

5.7%

4.5%

6.2%

5.0%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What measure did the government take to boost spending?

Cash handouts to families

Increased taxes

Subsidies for businesses

Reduced interest rates

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the percentage of Japan's national debt relative to its GDP?

150%

100%

250%

200%