Fiscal Policy Essay Example
Fiscal Policy
Learning Team C Fiscal Policy
The United States impacts various policies not only at home but abroad. It has been a powerhouse for many years, and its strengths and weaknesses impact other countries. The deficit, surplus, and debt are three major areas influencing these policies. These three factors have a huge impact on many areas we will discuss. These include taxpayers, the future of Social Security and Medicare users, the unemployed, a University of Phoenix student, the United States’ financial reputation on an international level, a domestic automotive manufacturing, or exporter, Italian clothing company, or importer and Gross Domestic Product (GDP).
Italian Clothing Company The United States’ deficit, surplus, and debt play a factor a role in the conduct of business with any Italian clothing company. Italy relies on its manufacturing exports to provide for its economy, and the United States ranks as one of one of its prolific export partners. According to Economy Watch Content (2010), Italy’s famous brands such as Armani, Valentino, Versace, and Prada have created a niche in the global marketplace where there is a huge demand for high quality and superior goods. According to Colander (2010), the United States has run a trade deficit in the last 40 years. If the U.S. is unable to purchase from Italy, this affects the Italian economy.
Financial Reputation of the United States on an International Level The U.S.’s deficit, surplus and debt impact the financial reputation of the United States on an international level because these are factors that promote or slow economic growth, future prosperity and foreign policy. The United States’ debt is the largest in the world for a single country, which has caused the financial reputation and creditworthiness of the United States to suffer (Amadeo, 2013). The dollar is considered to be a global currency and the one primarily used in international transactions and
Learning Team C Fiscal Policy
The United States impacts various policies not only at home but abroad. It has been a powerhouse for many years, and its strengths and weaknesses impact other countries. The deficit, surplus, and debt are three major areas influencing these policies. These three factors have a huge impact on many areas we will discuss. These include taxpayers, the future of Social Security and Medicare users, the unemployed, a University of Phoenix student, the United States’ financial reputation on an international level, a domestic automotive manufacturing, or exporter, Italian clothing company, or importer and Gross Domestic Product (GDP).
Italian Clothing Company The United States’ deficit, surplus, and debt play a factor a role in the conduct of business with any Italian clothing company. Italy relies on its manufacturing exports to provide for its economy, and the United States ranks as one of one of its prolific export partners. According to Economy Watch Content (2010), Italy’s famous brands such as Armani, Valentino, Versace, and Prada have created a niche in the global marketplace where there is a huge demand for high quality and superior goods. According to Colander (2010), the United States has run a trade deficit in the last 40 years. If the U.S. is unable to purchase from Italy, this affects the Italian economy.
Financial Reputation of the United States on an International Level The U.S.’s deficit, surplus and debt impact the financial reputation of the United States on an international level because these are factors that promote or slow economic growth, future prosperity and foreign policy. The United States’ debt is the largest in the world for a single country, which has caused the financial reputation and creditworthiness of the United States to suffer (Amadeo, 2013). The dollar is considered to be a global currency and the one primarily used in international transactions and