is the united states stable?
what is the u.s' economic system, nominal GDP, pppGDP and other data that can give a clearer picture of the u.s' standard of living
- 9 years agoFavorite Answer
The economy of the United States is the world's largest national economy. Its nominal GDP was estimated to be $14.3 trillion in 2009, approximately a quarter of nominal global GDP. Its GDP at purchasing power parity was also the largest in the world, approximately a fifth of global GDP at purchasing power parity. The U.S. economy also maintains a very high level of output per capita. In 2009, it was estimated to have a per capita GDP (PPP) of $46,381, the 6th highest in the world.
Historically, the U.S. economy has maintained a stable overall GDP growth rate, a low unemployment rate, and high levels of research and capital investment funded by both national and, because of decreasing saving rates, increasingly by foreign investors. It has been the world's largest national economy since 1944 and remains the world's largest manufacturer, representing 19% of the world's manufacturing output. In 2009, consumer spending, coupled with government health care spending constituted 70% of the American economy. About 30% of the entire world's millionaire population reside in the United States (in 2009). Furthermore, 40% of the world's billionaires are American. The US is also home to the world's largest stock exchange, the New York Stock Exchange. It also boasts the world's largest gold reserves and the world's largest gold depository, the New York Federal Reserve Bank. The United States is also home to 139 of the world's 500 largest companies, which is almost twice that of any other country. A large contributor to the country's success has also been a very strong and stable currency. The US dollar holds about 60% of world reserves, as compared to its top competitor, the euro, which controls about 24%.
Poned this answerSource(s): Wikipedia
- 9 years ago
This is the wrong site for data. However the U.S. is very stable and the standard of living depends on personal economics. You will be able to know when stability fails as China (big investor) calls in the loans and wants the collateral.
- Anonymous9 years ago
You up there China can NOT call in the loan it has a maturity date most 20 to 30 years They can sell the paper which they are doing Japan is buying most of it despite the fact Japan debt ratio in well over 100% of it;s GDP were ours is not even close to 50% of our GDP
A country defaults on their loans when they don't pay the interest due on the paper which well happen in Europe long before if it happens in America if a country just prints up more money to pay that is when inflation kicks in
The Uk sold off it's gold reserve a few years back at $240 oz today it's over $1400 America hold the largest gold reserve in the world