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Report on America's Economy

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Added on  2020-03-16

Report on America's Economy

   Added on 2020-03-16

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Running head: ECONOMY OF AMERICAECONOMY OF AMERICAName of Student:Name of University:Author Note:
Report on America's Economy_1
1ECONOMY OF AMERICAOUTLINE OF THE NATION’S GDP HISTORY-4-3-2-10123456USA GDP Growth Rate( %)USA GDP Growth Rate( %)Figure 1: GDP growth rateTaking look on past 30 years data of gross domestic production of the United Statesof America, a cyclical pattern in the fluctuation can be identified. This fluctuationover period of time stem from various macroeconomic, political, internationalphenomenon and so on. During 1990 and 1991 the growth rate of GDP has been very poor recording -0.1% in1991 The ongoing recession is the reason behind such. From then till 1999 the growth rate showed increasing rate but fell in 2000 due to techbubble crash. In the 2001, the growth rate fell and became nearly 1% than theprevious year.The terrorist attack of 9/11 was the driving reason behind this downfall. The growthrate increased thereafter but then again stumbled in 2007 that led to negative growthrate till 2009 due to bank and financial crisis.Recently the growth rate has declined after a fluctuation due to the currentpresidential issues and changes going on.
Report on America's Economy_2
2ECONOMY OF AMERICAYearGDP Growth Rate(in%)Real GDP(in $ trillion)19863.5$7.8619873.5$8.13319884.2$8.4819893.7$8.7919901.9$8.961991-0.1$8.9519923.6$9.2719932.7$9.5219944$9.90519952.7$10.1819963.8$10.5619974.5$11.0419984.5$11.5319994.7$12.0720004.1$12.5620011$12.6820021.8$12.9120032.8$13.27
Report on America's Economy_3

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