Download file to see previous pages...
Since the degree of industrialization in the country is high, approximately 55% of its imports are crude oil (“The World Fact Book”). The economic prosperity of U.S. had declined to some extent during the oil price boom from 2001 to 2006 (“Recent U.S. Economic Growth”). The soaring prices of energy resources increased the cost of imports as well as industrialization in the nation. Moreover, the real estate sector of the nation was facing certain exuberances since the latter half of 2007 in U.S. (“The World Fact Book”). The real estate’s homes were traded for speculative purposes in the country. Over time, failure of some projects lead to severe crisis in the U.S. money market during 2008.
The commercial banks were forced to offer to accept direct implicit bail outs and some of them like Lehman Brothers had collapsed due to severe financial crisis. The recession in 2008, had significantly lowered the economic growth of U.S. since the Great Depression. In order to set everything in the right state, the U.S. government in 2008 has decided to inject $700 billion in its market through the enactment of the Troubled Asset Relief Program (TARP) (“Recent U.S. Economic Growth”). Some of these funds were utilized by the state federal government for purchasing equities of banks and some industrial corporations. In addition to that in 2009, under the guidance of President Barack Obama, the Federal government injected an additional sum of $787 billion in the U.S. economy (“The World Fact Book”). It was claimed that this fund was supposed to be allotted for financing the expansionary fiscal policies of the country from 2010 to 2011. The federal budget deficit measured in terms of percentage change in GDP in U.S. was 9% in 2011 but it decreased to a level of 7.6% in 2012 (“The World Fact Book”). This proves that there are some substantial reasons for which the economic status of U.S. has
...Download file to see next pagesRead More
Issues affecting the adolescent population. Adolescence is a period which marks a transition from childhood to adulthood. It is also a period which marks major physical and sexual developments which then readies the person for specific future roles and functions as a male or female.
Regional economic integration among the Arab countries especially for the GCC countries has always been a notable phenomenon. The paper provides chronological review of the main stages of the Arab economic integration. Gulf cooperation council has become major regional intergovernmental political and economic union in this region of the world.
The wars in Iraq and Afghanistan among others are some that the US Congress has approved following 9/11. In fact, the US congress has since estimated about 800 billion dollars as the in-cost of these wars. Mckelvey (2011) asserts that the US military is in the course of spending $113 billion in this fiscal year in Afghanistan alone.
US Economic Research Paper
Proper functioning of the economy of a country is vital for the achieving of the long-term goals and objectives of its population.
In the economy, the major drivers are the demand and supply of goods and services, either within the country or outside its national boundaries.
4 In your analysis, what role do fiscal and monetary policies have to lead to higher or lower budget deficits? 5 How do budget deficits affect overall long-term economic growth and the debt that the U.S. has to contend with? 5 Restatement of the thesis 6 Conclusion 7 References 8 Introduction There is a correlation between the federal budget and economy.
China’s economy is highly developed than that one of India. While India is the 11th biggest economy in terms of the various exchange rates (Chow, 2001). China takes the number two position passing Japan (Runckel, 2002). In comparison of the estimated $1.3123 trillion Gross Domestic Product of India, China posses an average GDP of close to $4909.28 billion (Chow, 2001).
Particularly, this technological change has not remained as a notion in isolation but it has resulted in globalisation that has turned the whole world into a small global village where different countries are now connected with each other and actions of one country affect processes in another country.
Economic growth results from the increased production and consumption of a country’s goods and services. Should these goods and services be of the right kind, they benefit the people and thus improve their quality of life and economy. However, economic growth does not necessarily lead to economic development
Since the initiation of market reforms in 1978, China has turned from a centrally organized to a market founded economy and experienced swift monetary and social growth. Gross Domestic Product increase averaging almost 10 percent a year has advanced more than 500 million
5 Pages(1250 words)Research Paper
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Research Paper on topic An Analysis on the Factors Affecting the Recent US Economic Growth for FREE!