Give a brief introduction about the country and its current economic situation.

Question

Give a brief introduction about the country and its current economic situation. You can describe situations but don't say if they are negative or positive until questions 2 and 3. 2. Positives: What are the possible positives of this country's economy. Your opinions and why? Give 2 or more positives please. Why are these positives? 3 Negatives: What are the possible negatives of this country's economy. Your opinions and why? Give 2 or more negatives please. Why are these negatives? 4. Restructure analysis: Using the positive and negative information in questions 2 and 3. give suggestions to help the country restructure its economy or improve it economic growth. Give reasons why these suggestions will improve the economy. (Most important question). Include in your report, graphs, tables, charts. Also include references for where you found your information. No references = loss of points. Length again: 4 to 7 pages + a cover page.

Explanation / Answer

The United States is the world's largest national economy in nominal terms and second largest according to purchasing power parity (PPP), representing 22% of nominal global GDP and 17% of gross world product (GWP).The U.S. dollar is the currency most used in international transactions and is the world's foremost reserve currency.Several countries use it as their official currency, and in many others it is the de facto currency.The United States has a mixed economy and has maintained a stable overall GDP growth rate, a moderate unemployment rate, and high levels of research and capital investment.The US has abundant natural resources, a well-developed infrastructure, and high productivity.Americans have the highest average household and employee income among OECD nations, and in 2010 had the fourth highest median household income, down from second highest in 2007.The U.S. is the world's largest producer of oil and natural gas.The United States has one of the world's largest and most influential financial markets.

Negatives

inflation

unemployment

increasing public debt

asymmetric distribuyion of income

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