S u m m a r i z e t h e c u r r e n t a n d f o r e c a s t e c o n o m i c t r e n d s i n t e r m s o f G D P g r o w t h , u n e m p l o y m e n t , a n d i n f l a t i o n . H o w s h o u l d y o u u s e t h i s k n o w l e d g e t o m a k e p e r s o n a l f i n a n c i a l a n d c a r e e r d e c i s i o n s ? A s s u m e y o u g r a d u a t e d f r o m c o l l e g e a n d g o t a j o b w i t h a h u g e c o n s u m e r g o o d s c o m p a n y . A f t e r t h r e e y e a r s , y o u a r e l a i d o f f w h e n t h e c o m p a n y d o w n s i z e s . D e s c r i b e t h e m e a s u r e s y o u ' d t a k e t o " r e p a c k a g e " y o u r s e l f f o r a d i f f e r e n t f i e l d.
S u m m a r i z e t h e c u r r e n t a n d f o r e c a s t e c o n o m i c t r e n d s i n t e r m s o f G D P g r o w t h , u n e m p l o y m e n t , a n d i n f l a t i o n . H o w s h o u l d y o u u s e t h i s k n o w l e d g e t o m a k e p e r s o n a l f i n a n c i a l a n d c a r e e r d e c i s i o n s ? A s s u m e y o u g r a d u a t e d f r o m c o l l e g e a n d g o t a j o b w i t h a h u g e c o n s u m e r g o o d s c o m p a n y . A f t e r t h r e e y e a r s , y o u a r e l a i d o f f w h e n t h e c o m p a n y d o w n s i z e s . D e s c r i b e t h e m e a s u r e s y o u ' d t a k e t o " r e p a c k a g e " y o u r s e l f f o r a d i f f e r e n t f i e l d.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
- S u m m a r i z e t h e c u r r e n t a n d f o r e c a s t e c o n o m i c t r e n d s i n t e r m s o f G D P g r o w t h , u n e m p l o y m e n t , a n d i n f l a t i o n . H o w s h o u l d y o u u s e t h i s k n o w l e d g e t o m a k e p e r s o n a l f i n a n c i a l a n d c a r e e r d e c i s i o n s ?
- A s s u m e y o u g r a d u a t e d f r o m c o l l e g e a n d g o t a j o b w i t h a h u g e c o n s u m e r g o o d s c o m p a n y . A f t e r t h r e e y e a r s , y o u a r e l a i d o f f w h e n t h e c o m p a n y d o w n s i z e s . D e s c r i b e t h e m e a s u r e s y o u ' d t a k e t o " r e p a c k a g e " y o u r s e l f f o r a d i f f e r e n t f i e l d.
N o t e : A n s w e r s s h o u l d b e q u i t e l o n g f o r m e t o u n d e r s t a n d m o r e
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