Economic Trends and Numerical Nuggets

N PR This is the Indicator from Planet Money, I'm Waylon Wong. And I'm Adrienne Ma and this is the Indicator Quiz where we test your knowledge of topics that we've been covering on the show, and you, dear listener, can play along too. We haven't had one of these in a while and it's the middle of the year, so this one is gonna cover a little bit of everything from the past six months. Today we have listener Jim Umbach, who works as an urban planner for the city of Fernley in Nevada. He's also an author. Welcome to the show, Jim. Thank you. I'm so happy to be here. It's been a while since I've taken an econom ic quiz, but I think I'm gonna do great and my entire area proud. Okay, well time to brush up . Jim, you're going to be playing today for your choice of NPR merch. Yes, we've got shirts and mu gs and so many options, and merch, by the way, is available to purchase on shopmprot org. That's just a little plug before the quiz. And now I think it's time to play. That's all coming up after the break . Alright, it is indicator quiz time with our guest Jim. Let's start with an easy question before heading into some of our other quiz segments. Adrian here is your helping hand if you need a hint . That's right . I am, you know, your phone a friend. All right, question number one. The entrepreneur Azeraskin recent ly testified in court about the addictive nature of social media apps. Which interface feature is he widely credited with creating? Is it A, the like button? B the Poke feature , C auto play or D infinite scroll . I'm going to have to say it's the infinite scroll Very confident and you are correct. Yes. Azerask can recently talk to Adrian for an episode and he said that this is a more efficient interface rather than hitting the next page button so many times , but he also said he regretted his part in making infinite scroll a thing . So great job, Jim. Off to an amazing start. Now here is a segment we call capital concepts where we see what concepts you've retained from an indicator episode. Are you ready? I sure am. Here's the question. The Planet Money Book highlights public goods. This is a service or benefit that everyone can access and that more people using it doesn't take away from others using it . Which of the following is a public good? Is it A ? Visas for foreign stem workers in science technology , engineering, and math. Is it B AI ? C Maha make America healthy again dietary guidelines for schools? Or is it D PS? What's a public good ? Well, this all could be classified as beneficial to the public, but what does not take away from money is using it? And I would have to say that would be I'm leaning toward GPS, maybe EJ can help me out a little bit here . Okay , the good has to be non excludable and non rivalrous . Non rival rist . Yeah, that's just a fancy way of saying that the more people use it doesn't take away from others . Are you still leaning GPS? I would have to say that is actually still takes away some processing power, however minor from people. So I'm going to change my answer to the health standards. Oh, well, I'm so sorry. Maybe we steered you wrong ? The answer is indeed D GPS. It offers a broad collective benefit that isn't depleted by use and cannot be easily restricted . I guess the data processing power, notwithstanding, it's still considered a public good. It's settled now is your first instinct. That's what they say. So that feels counterintuitive to me, to be honest. Take it up with the economist, Adrian. That's all me, Jim. It's alright. We have more questions to come and the next one goes like this . We had a really eye opening story about the connection between money and health . What financial red flag could actually be an ear ly indicator of dementia years before a medical diagnosis. Is it A missed bill payments? B , investing in crypto , c , an intense hoarding of coupons or D constantly forgetting passwords . You have to be missing bill payments . That is correct. Missing bill payments. Yes , these financial slipups can start happening years before someone even receives an official medical diagnosis for dementia, so it's important to keep an eye on your loved ones. Great job, Jim. We are rolling along to the next question . We had an episode about a small business that turned to something called a merchant cash advance as a financial lifeline. What specific recent economic pressure drove this trend . Was it A getting ahead of inflation concerns in our economy? Was it B the need to cover the cost of import tariffs? , rising salaries required to compete for global stem workers , or D, the energy market shock from the US and Israel war with Iran What caused a small business to turn to this lifeline? It was the import tariffs . Excellent memory, Jim. You are on a roll that's correct . Yes. Our colleague on the business desk, Elina Salik, reported on these mostly unregulated loans. And her reporting said that MCA merchant cash advance interest rates had gone as high as three hundred percent, which has been very difficult, as you can imagine for a lot of these small business owners. So amazing job, Jim. The recall is just superb. Thank you. Now here's a segment we call numerical nuggets. We test you on numbers featured in episodes . And the hints that you'll get here if you need a hint is you can get two answers wiped off the board. Does that sound okay? Yes. Wonderful. Here is our first numbers question. In our episode about the Pokemon card craze, we mentioned an index that tracks rare Pokemon cards . It saw a massive valuation jump in just one year . By what percentage have valuations for rare Pokemon cards increased in the last year? Is it A hundred seventy percent , is it B sixty seven percent ? Is it C fifty two cents or is it D two hundred percent? I believe it's two hundred percent . Ooh, so close. We kind of tricked you a little bit there because one hundred and seventy and two hundred percent are kind of close, but it was one hundred seventy percent. I knew it was one of those two. two. I admired the confidence though. You were like, no hint needed. I'm just going straight for the basket. Go big or go home, they say. Right? Honestly, rounding up one hundred seventy gets you to two hundred . So as far as I'm concerned you, got that All right, here's our next numerical nugget question . Only some employers cover GLP ones for weight loss for their employees. They're hoping it will reduce long term medical costs related to obesity . What percentage of employers cover GLP ones? Is it A zero percent ? B twenty percent ? C fifty percent or D, one hundred percent because GLP One's are legally required to be covered in some form due to the Affordable Care Act. Let's go ahead and go with the twenty percent . You are right again . It was twenty percent. This isn't an episode we did with Julie Wernow of the Tradeoffs podcast. And yeah, very well played gym. I wasn't keeping track, but I feel like you got almost all of them. I think you got all but two, which is incredible . Thank you . Well, Jim, you have been a superb contestant. It's been so fun to have you. Thank you. It's been fun a lot of . And yeah, we will be sending you some indicator or MPR merch in the very near future. And we really appreciate you taking the time to be on our show. I appreciate it. I look forward to hearing you every day. Oh, thank you. Thanks J,im. If you couldn't come to one of our book tour events back in April, now is your chance. We're doing a live virtual version for our MPR plus supporters. It's on Thursday, june twenty fifth at three PM Eastern Noon Pacific. Planet Money's Jeff Guo and the book's main author Alex Mayasi will be there along with some special guests. If you've already joined MPR plus, listen to our most recent bonus episode to find out how to register. If you haven't joined yet, just go to plus dot mprot org. Again, that's plus dot mprot org. This episode was produced by Injo Correz with engineering by Travis Hagen. It was facted by Sierra Juaas. Caking Canon is our editor and the indicator is a production of NPR