U.S. 4Q GDP Growth Tops Estimates at 6.9% Annual Rate

The video discusses the improvement in GDP compared to the previous quarter, highlighting a better economic outlook. It covers the personal consumption price index and anticipates upcoming monthly economic indicators, focusing on durable goods. The analysis includes a decline in durable goods, with a specific look at cars and airplanes, and notes that capital goods orders remain flat. The video concludes with a comparison of business and consumer spending, noting that business spending lags behind consumer spending.

How did the GDP growth rate in the current quarter compare to the previous one?

• It was lower than the previous quarter.

• It remained the same as the previous quarter.

• It was higher than the previous quarter.

• It was not mentioned in the transcript.

What is the personal consumption price index mentioned in the transcript?

• 4.0%

• 5.1%

• 3.3%

• 2.3%

What is the significance of the upcoming monthly numbers?

• They will provide insight into consumer spending trends.

• They will reveal the inflation rate.

• They will show the unemployment rate.

• They will determine the annual GDP.

What was the percentage decline in durable goods?

• 7/10 of 8%

• 8/10 of 9%

• 1/10 of 8%

• 9/10 of 8%

What is the trend in business spending compared to consumer spending?

• Business spending is lagging consumer spending.

• Business spending is equal to consumer spending.

• Business spending is leading consumer spending.

• Business spending is not mentioned.