Consumer Skills

KAHOOT

VERSION

T-Swift, Beyonce, & Barbie Boost the Economy

1. What is one way that an economic recession can affect people or businesses?

a) They experience job promotions.

b) Most businesses tend to thrive.

c) Prices for goods and services go up.

d) Borrowing money from banks becomes easier.

T-SWIFT, BEYONCE & BARBIE BOOST THE ECONOMY | AUGUST 18, 2023 EDITION | NEXT GEN PERSONAL FINANCE

1. What is one way that an economic recession can affect people or businesses?

a) They experience job promotions.

b) Most businesses tend to thrive.

c) Prices for goods and services go up.

d) Borrowing money from banks becomes easier.

T-SWIFT, BEYONCE & BARBIE BOOST THE ECONOMY | AUGUST 18, 2023 EDITION | NEXT GEN PERSONAL FINANCE

2. What did fans spend money on for the Eras Tour and the Renaissance Tour?

1. Donations to support the artists
2. Special outfits, tickets, travel, and hotels
3. Meeting the singers and their families after the show
4. The decorations at the concert venues

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T-SWIFT, BEYONCE & BARBIE BOOST THE ECONOMY | AUGUST 18, 2023 EDITION | NEXT GEN PERSONAL FINANCE

2. What did fans spend money on for the Eras Tour and the Renaissance Tour?

• Donations to support the artists
• Special outfits, tickets, travel, and hotels
• Meeting the singers and their families after the show
• The decorations at the concert venues

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T-SWIFT, BEYONCE & BARBIE BOOST THE ECONOMY | AUGUST 18, 2023 EDITION | NEXT GEN PERSONAL FINANCE

3. How do businesses like restaurants and hotels benefit from concerts and film releases?

1. They don't benefit or see changes
2. They face financial difficulties
3. They have a chance of being featured on the news or in the media
4. They earn a lot of money when people go out and participate in groups

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T-SWIFT, BEYONCE & BARBIE BOOST THE ECONOMY | AUGUST 18, 2023 EDITION | NEXT GEN PERSONAL FINANCE

3. How do businesses like restaurants and hotels benefit from concerts and film releases?

• They don't benefit or see changes
• They face financial difficulties
• They have a chance of being featured on the news or in the media
• They earn a lot of money when people go out and participate in groups

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T-SWIFT, BEYONCE & BARBIE BOOST THE ECONOMY | AUGUST 18, 2023 EDITION | NEXT GEN PERSONAL FINANCE

4. Which of the following statements is true about Taylor Swift, Beyonce and the Barbie film's earnings?

1. They each made about $1 million
2. They each made a few million dollars
3. They each brought in over $1 billion dollars
4. These projects didn't earn any money

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T-SWIFT, BEYONCE & BARBIE BOOST THE ECONOMY | AUGUST 18, 2023 EDITION | NEXT GEN PERSONAL FINANCE

4. Which of the following statements is true about Taylor Swift, Beyonce and the Barbie film's earnings?

• They each made about $1 million
• They each made a few million dollars
• They each brought in over $1 billion dollars
• These projects didn't earn any money

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T-SWIFT, BEYONCE & BARBIE BOOST THE ECONOMY | AUGUST 18, 2023 EDITION | NEXT GEN PERSONAL FINANCE

5. True or False? Experts say the U.S. economy got a boost during the release of Barbie, and Queen Bey's and T Swift's tours.

1. True
2. False

T-SWIFT, BEYONCE & BARBIE BOOST THE ECONOMY | AUGUST 18, 2023 EDITION | NEXT GEN PERSONAL FINANCE

5. True or False? Experts say the U.S. economy got a boost during the release of Barbie, and Queen Bey's and T Swift's tours.

• True
• False

T-SWIFT, BEYONCE & BARBIE BOOST THE ECONOMY | AUGUST 18, 2023 EDITION | NEXT GEN PERSONAL FINANCE

You’ve completed the exercise, now it’s time to learn

more about the current event:

T-SWIFT, BEYONCE & BARBIE BOOST THE ECONOMY | AUGUST 18, 2023 EDITION | NEXT GEN PERSONAL FINANCE

Discussion Prompt:

Do you think our spending choices and the success of entertainment reflects on economic growth?

Why or why not?

T-SWIFT, BEYONCE & BARBIE BOOST THE ECONOMY | AUGUST 18, 2023 EDITION | NEXT GEN PERSONAL FINANCE

Extend Your Learning

Three Relevant Resources from NGPF:

• Interactive: How much have prices changed for more than 100 specific products and

services? (Activity)

• Entrepreneurship (Mini Unit)
• ECON: What is the Consumer Price Index (CPI)? (Activity)

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References:

• Taylor Swift, Barbie, and Beyoncé bring female boost to economy (CNN)
• 17 Ways Women Singlehandedly Saved The US Economy This Summer (BuzzFeed)
• How three female artists lead this summer's billion-dollar pop culture revival (PBS)
• ‘Barbie’ Makes History, Becoming First Billion-Dollar Movie Directed Solely by a

Woman (Smithsonian)

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T-SWIFT, BEYONCE & BARBIE BOOST THE ECONOMY | AUGUST 18, 2023 EDITION | NEXT GEN PERSONAL FINANCE