current economic state paper
Write a 350- to 700-word paper in which you research the current state of the economy. Include answers the following:
• Is the current economy expanding or contracting? Why?
• What is the current prime rate?
• What are the current interest rates on credit cards?
• What is the current unemployment rate?
• What is the current inflation rate?
• What is the current Gross Domestic Product (GDP)?
Illustrate your answers with specific examples.
Conclude your paper by summarizing how the state of the economy influences an individual’s personal financial choices
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