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A general overview of the United States economy including geographic size, population, demographics and political structure. (After each section that is followed by an asterisk, discuss the potential impact on this topic by the ongoing pandemic.)
Gross Domestic Product
C+I+G+NX defined.
The country’s actual GDP and percentage each component represents of the total.
The major import categories and from what countries. *
The country’s major export categories and to where. *
Determinants of Growth
Supply Factors *
Demand Factors *
The factors that are most relevant for US growth. Fully support the economic reasoning.
Business Cycle
Phase the US is now experiencing supported with actual GDP data.
Its current unemployment rate and inflation rate. *
Its target unemployment and inflation rate. *
Fiscal Policy
Current approach to taxing and spending policies as they relate to the Business Cycle. *
The current budget deficit and total debt and the debt’s percentage of GDP. *
Monetary Policy
Description of the Banking System and its relationship to and degree of independence from the government. *
The current approach to interest rates and money supply related to Business Cycle. *
International Trade
The current trade agreements. *
The current tariffs, quotas, subsidies and other trade policies *
Exchange Rate
The current Exchange Rate compared to its major trading partners. *
The impact of this exchange rate on its imports and exports. *
A summary of the United States’ overall Economic Conditions
ONLY WRITE ABOUT EXCHANGE RATE.
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