President Trump 'Understands Economics,' CEA's Hassett Says 

President Trump 'Understands Economics,' CEA's Hassett Says 

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Wayground Content

FREE Resource

Kevin Hassett discusses the economic report, highlighting strong economic growth, labor market trends, and policy impacts. He addresses projections for continued growth, the relationship between trade and fiscal deficits, and the administration's focus on trade reform. The discussion also covers concerns about the deficit and the structure of the labor market, including monopsony effects and restrictive covenants.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main focus of the 73rd economic report discussed by Kevin Hassett?

The role of international trade in economic growth

The influence of environmental policies on the economy

The state of the economy and its benefits to the lower economic class

The impact of technology on the economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to Kevin Hassett, what is the projected average economic growth over the next 10 years?

5.0%

4.0%

3.0%

2.0%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does Kevin Hassett attribute the recent wage growth to?

Decrease in corporate taxes

Reduction in unemployment benefits

Higher productivity due to capital spending

Increased government spending

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What economic phenomenon does Kevin Hassett mention that affects first-quarter GDP numbers?

Supply chain disruptions

Monetary tightening

Fiscal drag

Residual seasonality

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the relationship between fiscal deficit and trade deficit as discussed in the video?

They are inversely related

They are directly related

They are unrelated

They fluctuate independently

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the administration's focus regarding trade policies?

Increasing tariffs on all imports

Reducing tariffs on exports

Fixing asymmetries in trade deals

Eliminating all trade barriers

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What issue related to the labor market is being studied by the White House?

The influence of immigration on labor supply

The role of education in employment

The effect of restrictive covenants on wages

The impact of automation on jobs