In 2-3 sentences, answer the following questions: This video is an example of an economic report you would likely hear on any news channel. Without any knowlege of economics, what would you have thought of that report? With a little bit more knowledge, what do you think of this report? Video: u.s economy is certainly top of mind for 0:01 many americans watching president 0:03 biden's state of the union address 0:04 tonight and of course we'll hear plenty 0:06 of politicians either pinning blame on 0:08 the president or giving him credit 0:10 depending on their take so let's take a 0:12 few economic indicators by the numbers Economic Indicators 0:15 inflation is now at a 40-year high and 0:17 could climb higher with spiking energy 0:19 and grain prices from the war in ukraine 0:22 the consumer price index surged seven 0:24 and a half percent in one year with 0:26 price heights for necessities like food 0:28 rent and electricity leading the way 0:30 a typical american family is now 0:32 spending an estimated 250 0:34 more a month for the same goods and 0:36 services that they were paying for a 0:37 year ago 0:38 wages