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What role do you think changing economic conditions (inflation, interest rates, consumer spending) play in financial planning?
Weegy: Your personal financial decisions are heavily influenced by economic variables such as inflation, Gross Domestic Product (GDP), retail sales, consumer spending, and higher interest rates. [ Numerous Websites and newspapers and business periodicals regularly publish cur­rent economic statistics. Exhibit 2 provides an overview of some eco­nomic barometers and indicators that influence financial decisions. Several are explained below. Inflation Inflation is the general rise in prices of consumer goods and services.Gross Domestic Product (GDP) GDP measures the value of all goods and services produced by the economy within its boundaries and is the nation`s broadest gauge of economic health. GDP is reported as a "real" figure, that is, economic growth minus the impact of inflation. Retail Sales, Consumer Spending, and Consumer Confidence The retail sales figure is the estimate of total sales at the retail level. It includes everything from bags of groceries to durable goods such as automobiles. It is used as a measure of future economic conditions. ] (More)
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Expert Answered
Asked 1/19/2013 11:01:08 AM
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what is the future calue of $450.00 six years from now at 7 percent?
Weegy: 675.33$ at the end of 6 years (More)
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Asked 1/19/2013 11:57:37 AM
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Household size is a major influence on personal financial planning decisions. (Points : 2) True False
Weegy: Household size is a major influence on personal financial planning decisions. Answer: True (More)
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Expert Answered
Asked 1/19/2013 2:30:35 PM
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The Fed refers to: (Points : 2) government regulation of business. Congress. the Federal Reserve System. the Federal Deposit Insurance Corporation.
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Updated 1/19/2014 1:48:46 PM
1 Answer/Comment
The Fed refers to the Federal Reserve System.

Added 1/19/2014 1:48:46 PM
This answer has been confirmed as correct, not copied, and helpful.
The stages that an individual goes through based on age, financial needs, and family situation is called the: (Points : 2) financial planning process. budgeting procedure. personal economic cycle. adult life cycle.
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Updated 11 hours 16 minutes ago|6/27/2016 9:48:26 PM
1 Answer/Comment
The stages that an individual goes through based on age, financial needs, and family situation is called the: adult life cycle.
Added 11 hours 16 minutes ago|6/27/2016 9:48:26 PM
This answer has been added to the Weegy Knowledgebase
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