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1、10/17/2018,1,Modern American Economy,10/17/2018,2,GDP$14.266 trillion (2009) (nominal; 1st) $14.289 trillion (2009) (PPP; 1st) GDP growth-2.4% (2009) GDP per capita$46,442 (2009) (nominal; 17th)$46,442 (2009) (PPP; 6th) GDP by sector agriculture: (1.2%), industry: (21.9%), services: (76.9%) (2009 es
2、t.) Inflation (CPI)1.1% (August 09-10) Population below poverty line14.3% (2009),10/17/2018,3,Gini index45 (List of countries) Labor force 154.5 million (includes unemployed) (2009 est.) Labor force by occupation farming, forestry, and fishing 0.6%, manufacturing, extraction, transportation, and cra
3、fts 22.6%, managerial, professional, and technical 35.5%, sales and office 24.8%, other services 16.5%note: figures exclude the unemployed (2007) Unemployment 9.6% (August 2010),10/17/2018,4,Main industries petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, creative industri
4、es, electronics, food processing, consumer goods, lumber, mining, defense Ease of Doing Business Rank4th,10/17/2018,5,ExternalExports $1.057 trillion f.o.b (2009 est.) Export goods agricultural products (soybeans, fruit, corn) 9.2%, industrial supplies (organic chemicals) 26.8%, capital goods (trans
5、istors, aircraft, motor vehicle parts, computers, telecommunications equipment) 49.0%, consumer goods (automobiles, medicines) 15.0% (2009) Main export partners Canada, 13.2%; Mexico, 8.3%; China, 4.3%; Japan, 3.3%. (2009),10/17/2018,6,Imports $1.558 trillion c.i.f. (2009 est.) Import goods agricult
6、ural products 4.9%, industrial supplies 32.9% (crude oil 8.2%), capital goods 30.4% (computers, telecommunications equipment, motor vehicle parts, office machines, electric power machinery), consumer goods 31.8% (automobiles, clothing, medicines, furniture, toys) (2009) Main import partners China, 1
7、5.4%; Canada, 11.6%; Mexico, 9.1%; Japan, 4.9%; Germany, 3.7%. (2009),10/17/2018,7,FDI stock $2.398 trillion (31 December 2009 est.) Gross external debt $13.77 trillion (30 June 2008),10/17/2018,8,Public finances Public debt $13.2 trillion (July 2010) 88% of GDP Revenues $2.106 trillion (2009) Expen
8、ses $3.515 trillion (2009) Economic aid ODA $19 billion, 0.2% of GDP (2004),10/17/2018,9,The economy of the United States is the worlds largest national economy. Its nominal GDP was estimated to be $14.3 trillion in 2009, approximately a quarter of nominal global GDP. Its GDP at purchasing power par
9、ity was also the largest in the world, approximately a fifth of global GDP at purchasing power parity. The U.S. economy also maintains a very high level of output per capita. In 2009, it was estimated to have a per capita GDP (PPP) of $46,381, the 6th highest in the world.,10/17/2018,10,Since the 19
10、70s, the United States economy has absorbed savings from the rest of the world. The phenomenon is subject to discussion among economists. Like other developed countries, the United States faces retiring baby boomers who have already begun withdrawing from their Social Security accounts; however, the
11、 American population is young and growing when compared to Europe or Japan. The 2008 estimates of the United States public debt by the CIA Factbook and the International Monetary Fund were 61% of GDP, about the same as major European countries. The United States has been one of the best-performing d
12、eveloped countries, consistently outperforming European countries. The American labor market has attracted immigrants from all over the world and has one of the worlds highest migration rates. Americans have the second highest income per hour worked. The United States is ranked second, down from fir
13、st in 2008-2009 due to the economic crisis, in the Global Competitiveness Report.,10/17/2018,11,History The economic history of the United States has its roots in European settlements in the 16th, 17th, and 18th centuries. The American colonies went from marginally successful colonial economies to a
14、 small, independent farming economy, which in 1776 became the United States of America. In 230 years the United States grew to a huge, integrated, industrialized economy that makes up over a quarter of the world economy. The main causes were a large unified market, a supportive political-legal syste
15、m, vast areas of highly productive farmlands, vast natural resources (especially timber, coal and oil), and an entrepreneurial spirit and commitment to investing in material and human capital. In addition, the U.S. was able to exploit these resources due to a unique set of institutions designed to e
16、ncourage exploration and extraction. As a result, the U.S.s GDP per capita converged on that of the U.K., as well as other nations that it previously trailed economically. The economy has maintained high wages, attracting immigrants by the millions from all over the world.,10/17/2018,12,After the Gr
17、eat Depression For many years following the Great Depression of the 1930s, when the danger of recession appeared most serious, government sought to strengthen the economy by spending heavily itself or cutting taxes so that consumers would spend more, and by fostering rapid growth in the money supply
18、, 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.,
