The Coronavirus Pandemic’s Economic Impact Summary
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Questions and Answers

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?

<p>Health care and social assistance sector (C)</p> Signup and view all the answers

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

<p>Mental health services (B)</p> Signup and view all the answers

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

<p>Nonsampling error (C)</p> Signup and view all the answers

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

<p>Confidential information disclosure practices (B)</p> Signup and view all the answers

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

<p>&lt; 5% (B)</p> Signup and view all the answers

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

<p>More than four-fold increase</p> Signup and view all the answers

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

<p>3.3 percent</p> Signup and view all the answers

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

<p>Held more assets in cash and short-term investments</p> 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?

<p>First quarter</p> Signup and view all the answers

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

<p>The relative proportion of cash and short-term assets remaining below the peak</p> 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?

<p>$1.6 trillion</p> Signup and view all the answers

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

<p>Federal government</p> 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?

<p>0.9 percent</p> 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?

<p>Increased steadily</p> Signup and view all the answers

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

<p>Annual Survey</p> Signup and view all the answers

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