Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: 5. Summarize current and projected trends in the economy with regard to GDP growth, unemployment, and inflation. How should you use this information to make personal financial and career planning
decisions?
A: CPI or Consumer Price Index A rise in the CPI indicates inflation. The CPI or the consumer price index is used as an index for salaries, wages, contracted prices, pensions. This is done to adjust with the inflation effects. [ It is an important economic indicator. GDP or Gross Domestic Product The gross domestic product is another important economic indicator and is usually
inflation adjusted. This is an important tool for measuring the rate of inflation. The important segments, which are hampered include: Investment Interest rates Exchange rates Unemployment Stocks Various monetary policies Various fiscal policies The effect of inflation and economic growth is manifested in the following cases: I) Investment: If the price of goods increases and people have to compensate for the increase in price, they usually make use of their savings. In the event when savings are depleted, fund for investment is no longer available. An individual tends to invest, only if savings of an individual is strong and has sufficient money to meet his daily needs. ]
Expert answered|selymi|Points 10927|
Question
Asked 7/20/2013 7:06:55 AM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
26,401,804 questions answered
Weegy Stuff
S
P
P
L
P
P
P
Points 131 [Total 1867] Ratings 3 Comments 101 Invitations 0 Online
S
Points 70 [Total 81] Ratings 5 Comments 20 Invitations 0 Offline
S
Points 30 [Total 30] Ratings 3 Comments 0 Invitations 0 Offline
S
Points 19 [Total 19] Ratings 1 Comments 9 Invitations 0 Offline
S
Points 16 [Total 16] Ratings 0 Comments 6 Invitations 1 Offline
S
L
Points 15 [Total 112] Ratings 0 Comments 15 Invitations 0 Offline
S
Points 11 [Total 11] Ratings 1 Comments 1 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.