U.S. Job Gains Show Economic Momentum for 2019, CEA's Hassett Says

The transcript discusses the surprising GDP growth, labor market trends, and wage growth, highlighting the positive economic momentum. It addresses the impact of the government shutdown on employment data and explores the relationship between productivity and capital investment. The discussion also covers trade uncertainty and its potential economic risks, along with concerns about tax reforms and the growing deficit.

What was the surprising GDP growth figure mentioned in the first section?

• North of 4%

• North of 5%

• North of 3%

• North of 2%

What is the expected trend for nominal wage growth this year?

• It will drop below 2%.

• It will remain stagnant.

• It will decrease slightly.

• It will spike to over 4%.

How did the government shutdown affect the unemployment rate?

• It decreased the unemployment rate.

• It had no effect on the unemployment rate.

• It caused the unemployment rate to drop below 3%.

• It increased the unemployment rate to above 4%.

What is the relationship between productivity and wage growth?

• Higher productivity leads to lower wages.

• Higher productivity can mitigate inflationary pressures from wage growth.

• Productivity has no impact on wage growth.

• Higher productivity always results in higher inflation.

What is a potential downside risk mentioned in the context of trade uncertainties?

• Policy uncertainty and potential reversal of economic policies.

• Stable economic growth.

• Decreased capital investment.

• Increased trade with China.

What could be a positive outcome if the trade deal with China is successful?

• Increased trade uncertainty.

• A positive resolution of uncertainty.

• Higher inflation rates.

• Decreased economic growth.

What is the concern regarding the deficit and tax reforms?

• The deficit is decreasing rapidly.

• Tax reforms have no impact on the deficit.

• The deficit is growing despite tax reforms.

• Tax reforms have eliminated the deficit.