The document discusses key aspects of the US economy, including that it is the largest in nominal terms, representing 22% of global GDP. The economy has steady growth, low unemployment and inflation. Major industries include agriculture, where the US is a net exporter of food, and manufacturing of cars, airplanes and electronics. The government measures economic growth primarily through GDP, collected by agencies like the Bureau of Economic Analysis.

2. Introduction
 States (Economy), all of the ways goods and services are produced, distributed, and
consumed by individuals and businesses in the united states.
 In 1998 it included more than 270 million consumers and 20 million businesses.
 U.S consumers purchased more than $5.5 million trillion dollars more for factories and
equipments.
 The U.S economy is immense.
 Over 80% of goods and services purchased by U.S consumers each year are made in united
states; the rest are imported from nations.
 In total, the annual value of all goods and services produced in the united states, known as
the GROSS DOMESTIC PRODUCT (GDP), was 9.25 trillion in 1999.

3. Economy of USA
 The united states is the world’s largest national economy in nominal terms and second
largest according to purchasing power parity (PPP),representing 22% of nominal global GDP
and 17% of gross world product(GWP).
 The United States has a capitalist economy. The country has steady economic growth, low
unemployment and inflation, and a large trade deficit.
 The country has rich mineral resources, with many gold, oil, coal and uranium deposits.
 Forming makes the country among the top producers of, among others, corn (maize),
wheat, sugar and tobacco. American produces cars, airplane and electronics.

4. US trade relationships

5. GDP growth
The US recorded its slowest economic
growth in five years in 2016, as poor
trade data dragged on the economy in
the fourth quarter.
The recovery remains steady, rather
than spectacular.
Annualised Q3 2017 GDP growth is
3.2%

6. Inflation Rate & Interest Rate
 In the United States, interest rates are
decided by the Federal Reserve.
 The Federal Reserve meets eight times a
year to set short-term interest rate
targets.
 Interest rates directly affect the credit
market (loans) because higher interest
rates make borrowing more costly.
 As interest rates drop, consumer
spending increases and this in turn
stimulates economic growth.

7. Poverty in USA
 The gap in income between rich and poor is
greater in the United States than in any other
developed country.
 Extreme poverty in the United States, meaning
households living on less than $2 per day
before government benefits.
 In 2013, child poverty reached record high
levels, with 16.7 million children living in food
insecure households, about 35% more than
2007 levels.
 As of 2015, 44 percent of children in the United
States live with low-income families.
 There were about 643,000 sheltered and
unsheltered homeless persons in the U.S.
 The living standards for the poor in the United
States are also among the highest in the world.

8. Agriculture in USA
 Agriculture is a major industry in the United
States, which is a net exporter of food.
 As of the 2007 census of agriculture, there were
2.2 million farms, covering an area of 922 million
acres (3,730,000 km2)
 As of 2008, less than 2 percent of the population
is directly employed in agriculture.
 In 2012, there were 3.2 million farmers, ranchers
and other agricultural managers and an
estimated 757,900 agricultural workers were
legally employed in the US.
 The median pay was $9.12 per hour or $18,970
per year.

9. Government initiatives
 The Government continually depends upon the support of Congress and the People, and that support can be
expected only in the condition of keeping them thoroughly and truthfully informed of the manner in which
the powers derived from them are executed.”
 Prior to the publication of the 2016 Open Government Plan, the State Department published a draft of the
Plan and conducted an online discussion between federal employees and the public on the initiatives
proposed for inclusion in the 2016 Plan.
 The goal of this dialogue was to engage with the public on the topics of transparency, participation, and
collaboration and to define how these objectives are represented in the Department’s Plan.
 Using the online GovUp platform hosted by TechChange, participants in the online discussion were able to
review the State Department’s proposed Open Government initiatives, make comments, and share ideas
prior to the publication of 2016 Plan.

10. Apple Plans $350
Billion Boost to U.S.
Economy Over 5 Years
Apple today highlighted its plan to
to boost the U.S. economy through job
creation, existing investments, and new
investments, with the company on
target to contribute $55 billion to the
economy in 2018 and $350 billion over
the course of the next five years.
Along with its $350 billion
contribution through direct
employment, investment with domestic
suppliers, and the App Store economy,
Apple will increase its Advanced
Manufacturing Fund from $1 billion to
$5 billion.

11. Indian companies
increasing investment
in US
Mahindra Group to invest $1 bn in US
over 5 years, to double revenues to $5
bn
Mahindra & Mahindra plans to roll
out off-road utility vehicles from the
Detroit plant.
Indian companies, including Mahindra
which is setting up first ever Indian
automotive plant in the US, are
increasing their investments in America,
US Secretary of State Rex Tillerson said.

12. Major overseas investments by Indian
companies
 Indian firms have employed a total of 113,423 people and made investments over US$ 17.9 billion in the US.
 Intas Pharma has announced purchase of two companies in USA and Ireland, Actavis USA Ltd and Actavis
Ireland Ltd, from Israeli pharma major Teva Pharmacuetical Industries Ltd, for an enterprise value of (US$
754.14 million).
 India’s third largest software services firm Wipro will be spending US$ 500 million to acquire US-based cloud
services firm Appirio.
 WNS Global Services, the Mumbai-based business process management company, has announced its plans
of acquiring Denali Sourcing Services, a US-based business process outsourcing company, for US$ 40 million.
 Aurobindo Pharma has bought Portugal based Generis Farmaceutica SA, a generic drug company, for (US$
146.67 million).

13. How does the United States government
measure economic growth?
 The most widespread measurement of national economic growth is gross domestic product, or GDP.
 The U.S. government collects and compiles economic data through the Bureau of Labor Statistics, or BLS.
Once the data is organized, it is used by the Bureau of Economic Analysis, or BEA, which is part of the
Department of Commerce, to estimate the GDP and the national income. GDP is used by the White House
and Congress to prepare the federal budget.
 It is also used by the Federal Reserve for monetary policy.
 Even economists who understand the statistical limitations of GDP still rely on it as a proxy for economic
growth.

14. CONCLUSION
 The US economy will experience changes in its prices of commodities. This isan implication brought about by
the changing economic status of the country.
 The country is experiencing a stable state with the economy almost at full employment. However, with this
level of unemployment, the inflation rate is expected to rise as a trade-off effect.
 Net exports will contribute to export and housing will (hopefully) stop being a drag by mid-year, non-
residential construction has turned the corner.
 The pace of consumer spending has also accelerated, thanks to a gradual improvement in the employement
outlook and diminished worries about a double-dip.
 By far the best news is the business optimism is the highest in three years and cash flow remains very strong.
 Bottom line: growth in the next few years swill average 3% to 3.5%