Transcript Economy - Mr. Shultz

Economic Systems Project
Student Name
My Country
United
States
Background
 Recognized
as a new nation
following the Treaty of Paris in 1783
 During the 19th and 20th centuries, 37
new states were added to the original
13
 The economy is marked by steady
growth, low unemployment and
inflation, and rapid advances in
technology
Geography
Location – North America, bordering both
the North Atlantic Ocean and the North
Pacific Ocean, between Canada and
Mexico
 Total Area – 9,826,630 sq km
 Climate - mostly temperate, but tropical in
Hawaii and Florida, arctic in Alaska,
semiarid in the great plains west of the
Mississippi River, and arid in the Great
Basin of the southwest

People
 Population – 303,824,640
 Life expectancy at birth (total
population) – 78.14 years
 Ethnic groups - white 79.96%,
black 12.85%, Asian 4.43%,
Amerindian and Alaska native
0.97%, native Hawaiian and other
Pacific islander 0.18%, two or
more races 1.61%
Government
Type
- Constitution-based
federal republic; strong
democratic tradition
Capital – Washington, DC
Administrative divisions –
50 states and 1 district
Economy Overview
 The
largest and most
technologically powerful economy
in the world
 Private individuals and business
firms make most of the decisions
 Federal and state governments
buy needed goods and services
predominantly in the private
marketplace
Economy
 GDP – per capita - $45,800
 Labor force – 153.1 million
 Labor force – by occupation
-
farming, forestry, and fishing
0.6%, manufacturing, extraction,
transportation, and crafts 22.6%,
managerial, professional, and
technical 35.5%, sales and office
24.8%, other services 16.5%
Economy
rate – 4.6%
Population below poverty
line – 12%
Inflation rate – 2.9%
Unemployment
Economy
Budget
revenues - $2.568
trillion
Budget expenditures $2.73 trillion
Public debt – 60.8%
Economy
production – 7.46 million
bbl/day
Oil consumption – 20.8 million
bbl/day
Oil exports – 1.048 million
bbl/day
Oil imports – 13.15 million
bbl/day
Oil
Economy


Exports - $1.148 trillion f.o.b.
Exports commodities - agricultural products
(soybeans, fruit, corn) 9.2%, industrial supplies
(organic chemicals) 26.8%, capital goods
(transistors, aircraft, motor vehicle parts,
computers, telecommunications equipment)
49.0%, consumer goods (automobiles,
medicines) 15.0%
 Exports partners - Canada 21.4%, Mexico
11.7%, China 5.6%, Japan 5.4%, UK 4.3%,
Germany 4.3%
Economy


Imports - $1.968 trillion f.o.b.
Imports commodities - agricultural products
4.9%, industrial supplies 32.9% (crude oil
8.2%), capital goods 30.4% (computers,
telecommunications equipment, motor vehicle
parts, office machines, electric power
machinery), consumer goods 31.8%
(automobiles, clothing, medicines, furniture,
toys)
 Imports partners - China 16.9%, Canada 15.7%,
Mexico 10.6%, Japan 7.4%, Germany 4.8%
Communications
– main lines in use –
163.2 million
 Telephones – mobile cellular –
255 million
 Telephone system general
assessment – a large,
technologically advanced,
multipurpose communications
system
 Telephones
Transportation
– 14,947
Railways (total) –
226,612km
Roadways (total) –
6,430,366km
Airports
Military
Military branches - US Army, US Navy
(includes Marine Corps), US Air Force, US
Coast Guard; note - Coast Guard
administered in peacetime by the
Department of Homeland Security, but in
wartime reports to the Department of the
Navy
 Military service age and obligation - 18
years of age; 17 years of age with written
parental consent
 Military expenditures – 4.06% of GDP

Three Good Things
Strong
democratic tradition
The largest and most
technologically powerful
economy in the world
Lots of roadways
Three Bad Things
Budget
expenditures are more
than budget revenues (deficit
spending)
Consume 20.8 million barrels
of oil per day, only produce
7.46 million barrels per day
World’s largest consumer of
cocaine
Other Country
The
other country I looked
at was – Brazil
The other student I worked
with was – Bob Smith
Three Good Things
Strong
democratic tradition
The largest and most
technologically powerful
economy in the world
Lots of roadways
Three Bad Things
Budget
expenditures are more
than budget revenues (deficit
spending)
Consume 20.8 million barrels
of oil per day, only produce
7.46 million barrels per day
World’s largest consumer of
cocaine