Biden on Recent Data: Doesn't Sound Like Recession to Me

Biden on Recent Data: Doesn't Sound Like Recession to Me

Assessment

Interactive Video

Business

University

Hard

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The video discusses the current state of the economy, highlighting a strong job market with a 3.6% unemployment rate and the creation of 9 million new jobs. It emphasizes significant investments in the U.S. by both domestic and foreign businesses, including $100 billion in semiconductor investments and over $100 billion in electric vehicle battery investments. The video also covers the resurgence of American manufacturing, supported by legislative measures like the chip bill and the Inflation Reduction Act, which aim to boost semiconductor production and clean energy initiatives. Overall, the content argues against the notion of a recession.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current unemployment rate mentioned in the video?

5.2%

2.9%

3.6%

4.5%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which foreign company is highlighted for investing in America?

Nokia

Sony

SK Corporation

Huawei

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much has been announced in semiconductor investments by companies like Intel and Samsung?

$50 billion

$100 billion

$150 billion

$200 billion

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the chip bill mentioned in the video?

To reduce inflation

To expand semiconductor production

To increase foreign trade

To support small businesses

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the total amount allocated for clean energy tax credits in the Inflation Reduction Act?

$370 billion

$500 billion

$250 billion

$420 billion