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Gdp Impact On The Us Economy

748 Words3 Pages

United States is one of the stable economy in all over the globe. US economy faced many ups and downs during last 20 years. Gross domestic products of the United States is 18.57 trillion dollar in 2016. During the quarter 1 in 2018, the gross domestic product growth rate is 2.3%. While the gross domestic product per capita according to the statistics is 62,152 dollar (Data.worldbank.org, 2018). GDP influence the overall economy of the country increase on the continuous growth of the GDP is a positive factor for the US economy.
GDP differ with the regions. According to the statistical analysis of the GDP by regions there are 48 states that are getting continuous increase in the GDP. The highest contribution in the United States region is by …show more content…

In December personal income of the United States was raised by the percentage of 0.4 that exceed the expectation by the experts of economy. Personal salaries of the united states increased by the increase in the business industry.
Corporate Profits faced different frequently fluctuating trend line that goes down and up with the time. Increase in the corporate profit of United States is more than other countries and states of the world. Overall increase in the corporate profit annually is 2.8%. While on the other hand unemployment rate in the United States is decreasing by the 3.9 percentage in accordance the current year economic condition of the United States.
Employment rate directly impact the overall economy and condition of the country. Therefore, government tries to take control over the employment rate in the country (Gillespie, 2016). Unites states is one of the states that has control over their employment rate. Government policies are supportive to increase employment rate and decrease the unemployment rate in the …show more content…

Inflation rate in the United States is currently recorded by the country to take control over the current situation of the inflation through monetary policy. According to US records consumer price index has been increased during last year with the percentage of 0.2.
Consumer expenditure describe that how much citizens are spending on purchasing various good and services in the fixed period of time as in one year. According to the statistics of the Bureau of labor statistics records the spending pattern in the United States changing for the products as purchasing foods, gasoline and entertainment (Bls.gov, 2017). Per consumer average rate of spending was recorded as 57,311 dollar during the last years that is more than 7.2% from year 2016 to 2017.
Federal funds and reserves by the government decide the fortune of the money circulation in the country. In the United States federal funds set by the government of the country depends upon the economic outlook. Government is reserving funds with the percentage of ½ to

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