GDP Growth: Why America’s Not Getting It Done

The video discusses the decline in GDP growth from 4% to 2% over decades, highlighting economic challenges such as low inflation, mediocre growth, and labor force participation. It examines the impact of aging populations and technological changes on productivity. The discussion extends to global economic trends and the rising costs of healthcare, questioning the sustainability of current economic policies and the potential need for investment to boost productivity.

What has been the trend in GDP growth from the past to the present as discussed in the video?

• It has fluctuated between 3% and 4%

• It has increased from 2% to 4%

• It has remained constant at 3%

• It has decreased from 4% to 2%

Which of the following is NOT mentioned as a factor affecting economic growth?

• Productivity

• Technological advancements

• Labor force participation

• Population aging

What is one of the challenges mentioned in relation to Social Security and Medicare?

• Increasing population growth

• Decreasing labor force participation

• Rising technological costs

• Stable productivity rates

Since when have healthcare service prices been rising, according to the video?

• Since 2005

• Since 2020

• Since 2015

• Since 2010

What potential impact does the video suggest government policies might have on healthcare?

• They might decrease healthcare costs

• They might increase healthcare costs

• They might have no impact on healthcare costs

• They might stabilize healthcare costs