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- Q1National economic trendsare the same as long-term financial goals set by individualsshould impact individual financial planningshould have little or no impact on individual financial planning300s130.273.J.6.A
- Q2A person is collecting his pension and is very happy that his plan has a "cost of living" increase each year. This feature helps the person from feeling the full impact ofglobalizationtaxationinflation300s130.273.J.6.A
- Q3How do economists measure inflation?They compare the costs of a standard group of goods and services bought today to how much those goods cost a year.They compare to cost of today's imports from China and the Middle East to goods made in the United States.They survey consumers and ask if they are able to buy the same number of goods today as they were a year ago.300s130.273.J.6.A
- Q4Because of globalization, an individual may have to decide whether toinvest in a company that drills for oil off the coast of Alaska.sell a house during a recession.buy a pair of jeans made in America at three times the cost of jeans made in China.300s130.273.J.6.A