Gross: U.S Basically in Recession Minus Consumer Spending

Gross: U.S Basically in Recession Minus Consumer Spending

Assessment

Interactive Video

Business, Social Studies, Biology

University

Hard

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The video discusses the recent surge in consumer spending, driven by a decrease in the savings rate. Experts debate the sustainability of this trend, noting that disposable income growth is slow. The impact of falling oil prices on consumer savings and spending is also examined. The discussion shifts to the broader economy, highlighting a lack of investment and the potential for recession without consumer spending.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has primarily driven the recent surge in consumer spending?

Higher employment rates

Government stimulus packages

Increase in disposable income

Reduction in the savings rate

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the drop in oil prices affect consumer behavior according to Jim Glassman?

It caused a decrease in consumer spending

It resulted in consumers spending their savings

It led to increased savings

It had no significant impact

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main concern about the economy when consumer spending is removed?

It appears to be in a recession

It shows a strong investment sector

It reveals a robust manufacturing industry

It indicates high government spending

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does Bill Gross identify as a significant issue in the economy?

Over-reliance on government aid

Excessive consumer spending

Lack of investment spending

High disposable income

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What structural issue is mentioned as a reason for lagging investment?

High consumer debt

Government regulations

Global trade tensions

Structural economic factors