A Detailed Report on US Economic History & Foreign Trade (2006-2016)

This report analyzes the economic history of the United States from 2006 to 2016, focusing on foreign trade practices. It examines GDP growth rates, highlighting the impact of events like the 2008 financial crisis. The report also explores unemployment and inflation using models like the Phillips Curve. It delves into US imports and exports, identifying key trading partners and analyzing trends in goods and services. Foreign trade models, such as the Ricardian model, are used to explain trade decisions. The report further discusses official foreign exchange rates and trade policies, including free trade agreements and economic strategies like the Dodd-Frank Act and quantitative easing. CGE models are employed to examine macroeconomic issues related to trade, income distribution, and employment. The study concludes that US exports declined in 2016 compared to the previous year, with a slight decrease in imports during the same period.