1.1 Personal Finance—Personal Skills and the Job Market

Follow along with these steps to learn the outlook for both the national economy and that of career fields you are interested in.

1. Watch the following Video:

2. Answer these questions:a. What is GDP?

i. What does it stand for?ii. What does it mean?

b. If I buy a used car, is that calculated in GDP?c. What are the letters included in GDP and what do they stand for?

3. Watch this video:

4. Read this article: https://www.thebalance.com/us-economic-outlook-3305669a. Find two (2) other articles that forecast the Economic Outlook of the United

States in 2019 and beyond.5. Draw your own Business Cycle representing the United States from 2008-2020. Make

sure to research the past and, using what you read and watched in the videos, predict 2019-2020. You may use the Drawing Tools in Word to draw that here:

IF YOU ARE FINISHED…..Visit https://www.bls.gov/ooh/ and look at trends for careers you are interested in pursuing. Find 3 and summarize their viability for your financial future. (Will positions be available and will they provide you a good living based upon your findings?)