Comptroller Hegar: Texas Poised for Modest Growth

Comptroller Hegar: Texas Poised for Modest Growth

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

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FREE Resource

The video discusses Texas's economic evolution, highlighting a shift from reliance on oil and gas severance taxes to a more diversified economy. This shift has contributed to Texas becoming the 12th largest economy globally. Despite job losses in the mining and manufacturing sectors, Texas has seen overall job growth. Concerns about regional banks' exposure to the energy sector are mitigated by larger financial institutions' preparedness. Texas's economy remains resilient and poised for modest growth.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What percentage of Texas's tax collections were from oil and gas revenues at the height of the oil boom in 2014?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the two funds that the revenues from oil and gas go into in Texas?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the current estimated economy size of Texas?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

How many jobs were lost in the mining sector in Texas over the last 12 months?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the employment growth rate in Texas mentioned in the text?

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