Ten-Year Period of U.S. Economic History

Ten-Year Period of U.S. Economic History Overview
The paper presents a ten year data of US from 2007 till 2017 to
understand its economic history. US is a highly developed economy and
is renowned as the biggest economy in terms of nominal GDP. Although,
US is recognized a the leading economy with highest GDP value, the
absolute value dropped by significant proportion in 2007. This lowered
the economic growth of US. The markets started performing effectively
from 2010 after the end of US recession. The growth rate was positive
from 2010 till 2017 which shows the effective performance of US
economy.

Trend in GDP growth rate
Figure 1, shows the percentage change in
the value of GDP in US from 2007 till
2017. The rate of growth was positive in
2007 which reached to negative amounts
in 2008. It further fell in 2009 making it
the biggest fall within a year. The rate
effectively increased more than 5% in
2010 which again fell in 2011 due to rise
in deficit.
Figure:1

Trend in GDP growth rate
The rate of change in real GDP again rose in 2012 and fell in the next year.
Consecutive growth was seen in 2014 and 2015 due to rise in market activities
which again deduced in 2016. The rate significantly improved in 2017.