Question

1. How do your financial choices impact the economy? Trace the impact of your financial decisions.

Answer 1

Financial choices impact the economy on the macro level, and also the micro level. For example. if you purchase 20 cars, you injected money to the car industry to be used for other purposes. This can be research, or event projects. For research, it helps improve our transportation economy. For event projects, it helps stimulate social economics. Overall, the higher the purchase rate, the higher the GROSS DOMESTIC PRODUCT of the country will take place. Another example is donations. This in turn helps improve society, which will improve the economy both indirectly and directly. As economics and financial decisions can be quite complicated, these are just some of the implications that financial decisions can create unto societal economics. Unfortunately, I am unable to trace my financial decisions, but you may.