Assignment 7

Assignment 7

Introduction

The purpose of this study is to expand the boundaries of our knowledge by exploring some relevant information relating to the analysis of US economic indicators.

GDP

GDP characterizes the level of economic development of the country in absolute terms. The GDP for 2010 amounted to $ 14,500 billion. In the same year, the GDP rose $ to 14,660 billion mainly due to performance of three sectors: agriculture, industry and services, which make up roughly in the order 1.2%, 22.2% and 76.7% of GDP. The share of goods production in GDP is 11.7% (CIA, 2012). The percentage decreases due to the ...