Tennessee To Suspend Grocery Tax For A Month To Curb Inflation

Tennessee To Suspend Grocery Tax For A Month To Curb Inflation

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses the current economic challenges, focusing on record inflation rates and their impact on individuals and families. It highlights government measures like tax freezes and subsidies to alleviate the burden. Economist Mike Bailey identifies energy, transport, and housing as key drivers of price hikes. The video concludes with a discussion on potential solutions and the temporary nature of some government interventions.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the inflation rate mentioned in the video, and how does it compare to historical levels?

9.1%, the highest since the 60s

8.5%, the highest since the early 80s

7.2%, the highest since the 90s

6.3%, the highest since the 70s

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which state is considering a property tax subsidy as a measure against inflation?

Tennessee

Pennsylvania

Minnesota

California

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does Edward Mitchell manage his grocery expenses amid rising prices?

By reducing the quantity of groceries

By visiting multiple stores for better deals

By buying in bulk from a single store

By shopping at high-end stores

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to economist Mike Bailey, what is NOT one of the core drivers of price hikes?

Healthcare

Housing

Goods transportation

Energy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the proposed duration for the temporary tax freeze in Tennessee?

One month

One year

Three months

Six months