CLEAN : Japan economy shrinks during Q4 in body blow for Abenomics

CLEAN : Japan economy shrinks during Q4 in body blow for Abenomics

Assessment

Interactive Video

Other

10th Grade - University

Hard

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The video discusses the current state of the economy, highlighting that profits and wages are growing well. It addresses structural problems in Asia, particularly in Japan, where decision-making in a democracy can be slow. The potential increase in consumption tax from 8% to 10% is mentioned, with flexibility if economic issues arise. The importance of spending to boost nominal GDP growth is emphasized, noting that market panic can hinder logical decision-making.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the speaker suggest is necessary to alleviate economic pressure on individuals?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What metaphor is used to describe the difficulty of communicating with the market during a panic?

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OFF