the united states of america economy

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the united states of america economy 2024 year 1 the united states of america economy 21-jun-24 source : www.wikipedia.com 1 2 obrazets teksta vtoroy uroven tretiy uroven chetvertiy uroven pyatiy uroven 21-jun-24 source : www.wikipedia.com 2 3 what is an economic system? an economic system is a long-term arrangement by which various units with in a society are induced to cooperate in production, distribution and the use of aggregated product, including the means of control over productive factors and freedom or constraints on individual units in the existing factor or goods market. 21-jun-24 source : www.wikipedia.com 3 4 currency united states dollar (usd) fiscal year 1 october - 30 september trade organizations nafta (north american free trade agreement), wto( world trade organization), oecd (organization for economic corporation and development) and others statistics gdp (ppp)$13.84 trillion (2007 est.) gdp growth 2.2% (2007 est.) gdp per capita $46,000 (2007 est.) gdp by …

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rce : www.wikipedia.com 6 7 oil production: 7.61 million barrel/day (2005 est.) consumption: 20.03 million barrel/day (2003 est.) exports: 1.048 million barrel/day (2004 est.) imports: 13.15 million barrel/day (2004 est.) net imports: 12.097 million barrel/day (2004 est.) proved reserves: 22.45 billion barrel (1 january 2002) 21-jun-24 source : www.wikipedia.com 7 iipm 8 source: www.wikipedia.com obrazets teksta vtoroy uroven tretiy uroven chetvertiy uroven pyatiy uroven 21-jun-24 source : www.wikipedia.com 8 9 history of us economy in 1933, congress created the federal deposit insurance corporation (fdic) which presently guarantees checking and savings deposits in member banks up to $100,000 per depositor to prevent bank failures. this was in response to the widespread bank runs of the early 1930s during the great depression. the economic history of the united states has its roots in european settlements in the 16th, 17th, and 18th centuries. 21-jun-24 source : www.wikipedia.com 9 10 contd…. the american colonies …

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y spending heavily itself or cutting taxes so that consumers would spend more, and by fostering rapid growth in the money supply, which also encouraged more spending. in the 1970s, economic woes brought on by the costs of the vietnam conflict, major price increases, particularly for energy, created a strong fear of inflation. as a result, government leaders came to concentrate more on controlling inflation than on combating recession by limiting spending, resisting tax cuts, and reining in growth in the money supply. 21-jun-24 source : www.wikipedia.com 11 12 contd.. ideas about the best tools for stabilizing the economy changed substantially between the 1960s and the 1990s. in the 1960s, government had great faith in fiscal policy—manipulation of government revenues to influence the economy. since spending and taxes are controlled by the president and the u.s. congress, these elected officials played a leading role in directing the economy. a period …

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essfully sought regulation themselves to limit what they considered as harmful price cutting. another form of economic regulation, antitrust law, seeks to strengthen market forces so that direct regulation is unnecessary. the government—and, sometimes, private parties—have used antitrust law to prohibit practices or mergers that would unduly limit competition. 21-jun-24 source : www.wikipedia.com 14 15 monetary policy the federal government attempts to use both monetary policy (control of the money supply through mechanisms such as changes in interest rates) and fiscal policy (taxes and spending) to maintain low inflation, high economic growth, and low unemployment. a relatively independent central bank, known as the federal reserve, was formed in 1913 to provide a stable currency and monetary policy. the u.s. dollar has been regarded as one of the most stable currencies in the world and many nations back their own currency with u.s. dollar reserves. during the last few years, the …

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oaching debt ceiling in previous years, as the federal borrowing limit was raised in 2002 and 2003. while the u.s. national debt is the world's largest in absolute size, a more convenient measure is that of its size relative to the nation's gdp. when the national debt is put into this perspective it appears considerably less today than in past years, particularly during world war ii. by this measure, it is also considerably less than those of other industrialized nations such as japan and roughly equivalent to those of several western european nations. 21-jun-24 source : www.wikipedia.com 17 iipm 18 source: www.wikipedia.com obrazets teksta vtoroy uroven tretiy uroven chetvertiy uroven pyatiy uroven 21-jun-24 source : www.wikipedia.com 18 19 external debt: liablities to forigners gross u.s. liabilities to foreigners are $16.3 trillion as at end 2006.(over 100% of gdp). the u.s. net international investment position (niip) deteriorated to a negative $2.5 …

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, but this is not conventional debt like a loan obtained from a bank. however, foreigners also purchase u.s. debt instruments, such as government bonds, which are forms of conventional debt. 21-jun-24 source : www.wikipedia.com 20 21 poverty here is significant disagreement about poverty in the united states, particularly over how poverty ought to be defined. using radically different definitions, two major groups of advocates have claimed variously that (a) the united states has eliminated poverty over the last century; or (b) it has such a severe poverty crisis that it ought to devote significantly more resources to the problem. the debate includes how poverty should be defined. measures of poverty can be either absolute or relative. absolute poverty is defined in real dollar values, whereas relative poverty is a comparison of the highest to the lowest standard of living at a particular time period. 21-jun-24 source : www.wikipedia.com 21 …

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the united states of america economy 2024 year 1 the united states of america economy 21-jun-24 source : www.wikipedia.com 1 2 obrazets teksta vtoroy uroven tretiy uroven chetvertiy uroven pyatiy uroven 21-jun-24 source : www.wikipedia.com 2 3 what is an economic system? an economic system is a long-term arrangement by which various units with in a society are induced to cooperate in production, distribution and the use of aggregated product, including the means of control over productive factors and freedom or constraints on individual units in the existing factor or goods market. 21-jun-24 source : www.wikipedia.com 3 4 currency united states dollar (usd) fiscal year 1 october - 30 september trade organizations nafta (north american free trade agreement), wto( world …

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