United States Economy

In Glogpedia

by jmonee18
Last updated 6 years ago

Discipline:
Social Studies
Subject:
Economics
Grade:
5,6,7,8,9

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United States Economy

Unemployment Rates

The US's most abundant resources include, grains, fruit, vegetables, forest supplies and metals.

Imports/Exports

Major imports include oil, vehicles, lead, and medical equipment.Major exports include electronic equipment, automobiles, cotton, and precious metals.

Farming: 0.7%Manufacturing: 20.3%Professional: 37.3%Sales and Office: 24.3%Other Services: 17.4%

Labor Force by Occupation

The United States is considered a capitalist economy because most of the economic decisions are made by private individuals and business firms for profit. This is also known as a market economy.

Type of Economy

Unemployment Rate in 2013: 7.4%Unemplyment Rate in 2014: 6.2%Poverty Rate in 2013:14.3%

United States Economy Joe Miller

Resources

Three branches of government: Legislative, Judicial, and Executive.Leaders are elected by the voting process.

Government

Long term economic problems include, rapidly rising medical and pension costs of an aging population, energy shortages, and budget deficits.

Economic Problems

Electronics, food processing, consumer goods, lumber, mining.

Major Industries


Comments

  • 60decae9113c760decae92d814 10 days ago

    60decae9113c760decae92d814's avatar

    due to the coronavirus pandemic, the economies of many countries have worsened and, of course, it has affected people. That’s why I was left without work. But I was not worried about this for a long time. I decided to start trading stocks using the stock broker webull https://tradersunion.com/brokers/fond/view/webull/ and started getting a steady income