U.S. Government Has Now Spent Over $5 Trillion On The Pandemic

U.S. Government Has Now Spent Over $5 Trillion On The Pandemic

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University

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The video discusses the current state of unemployment, highlighting a decrease from the pandemic peak but still significant job losses. It examines the impact of COVID-19 on businesses, particularly small ones, and the resulting rise in online shopping. The economic recovery is described as K-shaped, benefiting the wealthy while low-income earners face challenges. The government has spent $5 trillion on pandemic relief, surpassing the 2009 Great Recession package. President Biden emphasizes the ongoing need to combat COVID-19 for economic recovery.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What amount has the government spent on the pandemic according to the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What does President Biden say about the work that still needs to be done?

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OFF