U.S. 2Q GDP Grew at 2.1%, Consumer Spending Tops Estimates
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Business, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main concern highlighted in the first section regarding the economic report?
Strong net trade
Weak business spending
Weak household consumption
Strong business spending
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the trend in equipment spending discussed in the second section?
Increasing for five consecutive quarters
Stable over the last year
Decreasing for three consecutive quarters
Increasing for three consecutive quarters
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What might cause the Federal Reserve to ease its policies according to the second section?
Strong household consumption
Increasing housing activities
Weak net trade
Tight monetary policy and manufacturing slowdown
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What dominates the overall GDP numbers as discussed in the final section?
Government spending
Net trade
US consumer spending
Business investment
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is considered a positive sign for a prolonged economic cycle in the final section?
Weak household consumption
No shocks to the US consumer
Strong business investment
Shocks to the US consumer
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