Download Videos-UK-US-India Economy-August 2016 File

ECONOMICS – NEWS & CURRENT EVENTS – AUGUST 2016
Video 1: UK Economy: Interest Rates
Source: Aljazeera Date: 4th August 2016
1. The video starts by saying that the British economy is shrinking at the fastest rate since the
financial crisis. What does this statement really mean?
a.
b.
c.
d.
There has been a significant contraction in GDP growth in the UK.
There is a recession in the UK.
There is a depression in the UK
All of the above.
2.
In the UK, the MPC Is an abbreviation for….
3.
The Central Bank in the UK is the Bank of E_____________
4a.
4b.
What was the official bank interest rate in the UK before the decision? ________
What is the new rate after the decision? ___________
5.
Who is Mark Carney?
6.
According to Mr Carney, why are the measures needed?
Identify two sectors especially impacted.
7.
Its the first time in ________ that interest rates have been cut.
8.
Outline three main outcomes, associated with lower interest rates.
9a.
9b.
Who could benefit from the lower interest rates?
These consumers could then have more m________to put back in to the e_________
10.
The bank is going to expand is Quantitative Easing program.
In very simple terms what does the video say is QE?
11.
A reduction in interest rates is called…
e __________________________ m______________________ p ________________
12a.
What is likely to happen to the value of the British pound?
12b.
What impact could this have on foreign investment?
13.
Rising ________________________ and a _____________________ could be
unavoidable in the future.
Video 2: US Economy: Jobs Report
Source: Fox News. Date: 5th August 2016.
1.
In the month of July, the US added __________ jobs
2.
The unemployment rate in the US is currently ________ %
3.
The growth in wages was _______%
4a.
The strong rate of employment growth might force the Federal Reserve to undertake
what action?
4b.
How will the impact consumers?
4c.
If the economy is performed well with low unemployment, why is the necessary for the
Federal Reserve to increase interest rates?
(Post Video Discussion: Not Answered in video)
5a.
5b.
What is the workforce participation rate?
How does this rate compare to other periods?
Video 3: US Economy: Labor Market
Source: VOA
Date: 5th August 2016
1.
In the c____________________ sector, the d_______________ for workers
is outpacing s_______________
2.
Construction employment is growing nearly t_____________ as fast as the rest of the
economy.
3.
Why is the construction industry at a risk of stalling?
4a.
What happened in 2008?
4b.
What was the impact on the construction sector at this time?
4c.
This date represents the start of the g______________ f_______________
c_______________. (Not answered in video)
5.
What is the construction industry trying to to attract more workers?
6.
There have been broad based job gains across the economy, but one industry in an
exception. This sector was….
7.
There have been significant job gains in many sectors. List any two, mentoned in the
video.
Video 4: India Economy
India: The World’s Fastest Growing Economy
Source: France 24 New. (People & Profit Series) Date: 25 June 2016
1.
Who is the Prime Minister of India?
2a.
2b.
What was the 2015 economic growth rate for China?
What was the 2015 economic growth rate for India?
3a.
3b.
3c.
What is key driver of India’s economic growth?
There has been a _________ slump in o___________ prices
Explain why lower o__________ prices benefit the economy??
(Post Video Discussion: Not answered in video)
4.
List three major reforms implemented by the Modi Government?
5.
What does the PM want Indian companies to become?
6.
What reforms have not been implemented?
7.
Despite strong economic growth, some sectors are still struggling.
List three sectors.
8a.
8b.
What is there a question mark over the accuracy of the GDP figures?
How does the Statistics office try to defend this position?