The Great Recession
A) The United States of America is the largest and still the most important market in the world. But it did crash a couple of years ago and it’s now trying to recover from this. The Gross Domestic Product (GDP) is usually a quite good indicator of the standards of living of a country. It can be measured in two ways: The total expenditure on goods and services or by the total of income earned by producing goods and services. The actual GDP of the United States is 14 62 trillions of US dollars, that is a growth of 2.7% from last year. But to have a better idea of the standard of living of a country, it is more relevant to take a look at the GDP per Habitat, which is 47, 400$. The GDP growth is 3.1% now so it’s higher than the inflation rate. And if we take a look at the past two years, the GDP growth was always positive so the government were quite successful in this domain.
The inflation is another figure interesting to look at, because it reflects the value of a currency. In fact, inflation is the rise of price in a country. The American dollars value is important for plenty of country because it is the money use to trade oil as an example.
But also because America is a leading economy so his dollar is used as a reference everywhere in the world. Two years ago, the inflation rate was negative in America, which mean that the good in the country were getting cheaper. But now the inflation rate in the U.S is 2.11 per cents. The Federal Reserve applies some policy to manage the inflation rates. Usually banks try to control the inflation rate and the aim is around 2-3% so the American government succeed to control the inflation rate because the actual inflation rate was the one aimed by the government.
For an economy to be at full employment, around 96 or 97% of the population has to be employed. Some type of unemployment is normal and it is impossible to get rid of them. The Structural unemployment is an example, it’s the unemployment due to technological
The inflation is another figure interesting to look at, because it reflects the value of a currency. In fact, inflation is the rise of price in a country. The American dollars value is important for plenty of country because it is the money use to trade oil as an example.
But also because America is a leading economy so his dollar is used as a reference everywhere in the world. Two years ago, the inflation rate was negative in America, which mean that the good in the country were getting cheaper. But now the inflation rate in the U.S is 2.11 per cents. The Federal Reserve applies some policy to manage the inflation rates. Usually banks try to control the inflation rate and the aim is around 2-3% so the American government succeed to control the inflation rate because the actual inflation rate was the one aimed by the government.
For an economy to be at full employment, around 96 or 97% of the population has to be employed. Some type of unemployment is normal and it is impossible to get rid of them. The Structural unemployment is an example, it’s the unemployment due to technological