U.K. GDP Revised Down Ahead of Election

U.K. GDP Revised Down Ahead of Election

Assessment

Interactive Video

Business

University

Hard

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The video discusses the impact of exchange rate fluctuations on GDP growth, highlighting how it squeezes real income and affects consumer spending. It examines the role of net exports and Brexit in shaping the UK's economic landscape, noting the potential long-term effects on trade. The discussion also covers the minimal impact of election seasons on GDP, emphasizing that consumer and investment spending remain stable. Finally, it provides an economic forecast, considering potential scenarios post-Brexit, including the introduction of tariffs and further exchange rate movements.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main factors causing a slowdown in GDP growth according to the discussion?

Rise in net exports

Movement in the exchange rate

Decrease in inflation

Increase in consumer spending

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the current economic condition benefit from the low currency value?

By increasing tariffs

By reducing inflation

By benefiting from depreciation without tariff costs

By boosting consumer spending

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected impact of election seasons on GDP growth?

Complete halt in GDP growth

Significant increase in GDP

No significant impact on GDP

Significant decrease in GDP

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the forecasted GDP growth rate for 2017?

0.3% per quarter

1.5% per quarter

2.0% per quarter

3.0% per quarter

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role does the Bank of England play in the current economic scenario?

Reducing inflation targets

Implementing new tariffs

Taking a passive approach

Actively increasing interest rates