The Coronavirus Pandemic’s Economic Impact Summary

Play an AI-generated podcast conversation about this lesson

What is a possible reason for differences in estimates mentioned in the text?

Confidential information disclosure

Sampling error (correct)

Underlying economic conditions

Nonsampling error

Which factor should caution be exercised about when drawing conclusions from the estimates?

Telemedicine revenue

Sampling error

Confidential information disclosure

Nonsampling error (correct)

What does Figure 3 illustrate about the health care industries offering telemedicine services in 2020?

Revenue from telemedicine was insignificant

Telemedicine revenue accounted for less than 5% of total revenue (correct)

Most relied solely on telemedicine for revenue

The three industries with the largest revenue from non-telemedicine sources

Which sector experienced increased reliance on telemedicine due to the coronavirus pandemic?

Health care and social assistance sector Signup and view all the answers

What was the focus of the three industries with the largest percentage of total revenue from telemedicine services?

Mental health services Signup and view all the answers

Which type of error is caution advised against when drawing conclusions from estimates in the text?

Nonsampling error Signup and view all the answers

What did the Census Bureau review regarding the data product mentioned in the text?

Confidential information disclosure practices Signup and view all the answers

What percentage of total revenue did most health care industries offering telemedicine services receive from telemedicine in 2020?

< 5% Signup and view all the answers

How much did intergovernmental revenues for hospitals and health from the federal government increase from 2019 to 2020?

More than four-fold increase Signup and view all the answers

What was the relative proportion of cash and short-term investments in the second quarter of 2020?

3.3 percent Signup and view all the answers

What did pension managers initially do in reaction to the uncertainty generated by the pandemic?

Held more assets in cash and short-term investments Signup and view all the answers

In which quarter did the value of public pensions portfolios hit a low of $3.7 trillion in 2020?

First quarter Signup and view all the answers

What possibly indicated a shift to more risky, high yielding assets in the first quarter of 2020?

The relative proportion of cash and short-term assets remaining below the peak Signup and view all the answers

How much did the value of public pensions portfolios increase from the first quarter of 2020 to the fourth quarter of 2021?

$1.6 trillion Signup and view all the answers

What is the source of the intergovernmental revenues for hospitals and health mentioned in the text?

Federal government Signup and view all the answers

What was the percentage increase in cash and short-term investments as a proportion of total cash and security holdings from the fourth quarter of 2019 to the first quarter of 2020?

0.9 percent Signup and view all the answers

What trend did the value of public pensions portfolios follow after the stock market recovered from the pandemic-induced decline?

Increased steadily Signup and view all the answers

What did the Census Bureau conduct related to state government finances in 2020?

Annual Survey Signup and view all the answers

The Coronavirus Pandemic’s Economic Impact Summary

Choose a study mode

Podcast

Questions and Answers