Biden Says There Was 'Zero Inflation' in July

The video discusses recent economic news, highlighting 0% inflation in July and the concept of core inflation. It emphasizes the strong labor market with significant job growth and low unemployment. The speaker notes the global challenges such as the war in Europe and supply chain disruptions, but asserts that the economic plan is working, focusing on building an economy that rewards work and supports the middle class.

What was the inflation rate in July according to the recent news?

• 3%

• 2%

• 0%

• 1.5%

What does core inflation exclude?

• All consumer goods

• Healthcare and education prices

• Food and energy prices

• Housing and transportation prices

How many jobs were created last month according to the report?

• 300,000

• 528,000

• 450,000

• 600,000

What global challenges are mentioned as potential headwinds?

• Climate change and natural disasters

• Technological advancements and automation

• War in Europe and supply chain disruptions

• Political instability and trade wars

What is the economic plan aiming to achieve?

• Focus solely on technological growth

• Increase taxes for the wealthy

• Reduce government spending

• Reward work and provide opportunities