U.S. Consumer Spending Jumps 4.2% In March

The video discusses the encouraging economic recovery of the country post-COVID-19, highlighting a 6.4% increase in GDP in the first quarter. This growth is attributed to the easing of restrictions, increased vaccination efforts, and the distribution of $1400 relief checks, which boosted consumer spending beyond necessities.

What is the country trying to recover from?

• Technological disruptions

• Natural disasters

• Political instability

• COVID-19 economic impacts

What does GDP stand for?

• General Domestic Production

• Global Domestic Product

• Gross Domestic Product

• Gross Development Plan

At what rate did the GDP increase in the first quarter?

• 7.4%

• 5.4%

• 4.6%

• 6.4%

Which of the following was NOT a factor in increased spending?

• Easing of restrictions

• $1400 relief checks

• Increased vaccination efforts

• Introduction of new taxes

What was the purpose of the $1400 relief checks?

• To encourage savings

• To invest in stocks

• To incentivize spending

• To pay off debts