The most pressing issue in America
“The Most Pressing Issue in America”
Intro
According to the United States Census, The goods and services deficit was $540.4 billion dollars in 2012. Goods can be defined as physical objects such as shoes and shirts and services are actions and activites that one person preforms for another such as haircuts or dental checkups. As a percentage of U.S. gross domestic product: or the dollar value of all final goods and services produced within our country’s boarders in a given year, the goods and services deficit was 3.4 percent in 2012. Our nations deficit has continued to expand over the years due and becoming one of the key factors to our high inflation rate of 2.3%. The overall pressing issue of America’s struggling economy is leading to additional pressing issues such as unemployment and poverty, which leads me to believe that our country’s national deficeiet and recession are therefore the most pressing issues America is facing today. Many of us have heard our grandparents talk about the “good old days” when you could buy ice cream for a nickel or a movie ticket for a quarter, as opposed to now where a simple small ice cream cup is usually equivalent to about three dollars. Inflation is directly responsible for these rises in price. Today consumer price inflation is averaging at…….Theories for the cause of our countries inflation range between three theories that the demand for goods and services exceeds exsisting supplies, so prices skyrocket. Also, it is also believed through the cost-push theory that when producers raise prices in order to meet increased costs inflation also occurs. In addition, inflation occurs when there is too much money in the economy at once. High inflation has numerous negative effects on the economy. For example, it can virtually erode purchasing power. In an inflationary economy, a dollar cannot buy the same amount of goods as it did in the past, as I stated previously in my ice cream example. Inflation also can deteriorate
Intro
According to the United States Census, The goods and services deficit was $540.4 billion dollars in 2012. Goods can be defined as physical objects such as shoes and shirts and services are actions and activites that one person preforms for another such as haircuts or dental checkups. As a percentage of U.S. gross domestic product: or the dollar value of all final goods and services produced within our country’s boarders in a given year, the goods and services deficit was 3.4 percent in 2012. Our nations deficit has continued to expand over the years due and becoming one of the key factors to our high inflation rate of 2.3%. The overall pressing issue of America’s struggling economy is leading to additional pressing issues such as unemployment and poverty, which leads me to believe that our country’s national deficeiet and recession are therefore the most pressing issues America is facing today. Many of us have heard our grandparents talk about the “good old days” when you could buy ice cream for a nickel or a movie ticket for a quarter, as opposed to now where a simple small ice cream cup is usually equivalent to about three dollars. Inflation is directly responsible for these rises in price. Today consumer price inflation is averaging at…….Theories for the cause of our countries inflation range between three theories that the demand for goods and services exceeds exsisting supplies, so prices skyrocket. Also, it is also believed through the cost-push theory that when producers raise prices in order to meet increased costs inflation also occurs. In addition, inflation occurs when there is too much money in the economy at once. High inflation has numerous negative effects on the economy. For example, it can virtually erode purchasing power. In an inflationary economy, a dollar cannot buy the same amount of goods as it did in the past, as I stated previously in my ice cream example. Inflation also can deteriorate