Holtz-Eakin Says U.S. Economy, on the Whole, Has Been 'Remarkable'

The video discusses the economic data from the third quarter and October, highlighting revisions in GDP and business investments. It examines the housing market's positive trends and the economic slowdown, emphasizing the consumer's role in sustaining the economy. Despite trade wars and business investment drops, the economy remains resilient, driven by a strong labor market and rising wages.

What was revised up in the GDP data, indicating a positive trend?

• Business fixed investment

• Consumer spending

• Net exports

• Government expenditure

What is the expected GDP growth rate for the fourth quarter according to the discussion?

• 3.5%

• 1.7%

• 2.5%

• 4.0%

How has the economy managed the challenges posed by trade wars?

• By increasing government spending

• By reducing consumer spending

• By maintaining a steady growth rate

• By increasing exports

What is the current state of the labor market as discussed in the video?

• High unemployment and stagnant wages

• Low unemployment and rising wages

• High unemployment and rising wages

• Low unemployment and stagnant wages

How does trade currently affect consumer behavior according to the discussion?

• It encourages more consumer spending

• It has become a minor concern

• It leads to increased savings

• It significantly reduces consumer spending