GDP Figures Show Better than Expected Results

GDP Figures Show Better than Expected Results

Assessment

Interactive Video

Business

University

Hard

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The video discusses Britain's economic situation, highlighting unexpected growth in the third quarter, particularly in the manufacturing sector. However, challenges persist, especially in construction, with competition and low morale. The euro crisis impacts investments and exports, raising concerns about a potential recession. Historical context is provided, comparing current conditions to the 1930s. The video concludes by exploring future growth prospects, emphasizing the role of exports amid inflation and reduced consumer spending.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

According to economists, what is the potential risk for Britain's economy in the near future?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What did John Maynard Keynes suggest we should be most worried about during economic downturns?

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