economics in 1960 Over 80 percent of the goods and attend to purchased by U.S. consumers each year are made in the United States; the rest are imported from other nations. In addition to spending by private households and businesses, government agencies at all levels (federal, state, and local) spend roughly an additional $1.5 billion a year. In total, the annual value of all goods and services produced in the United States, known as the Gross Domestic harvest-time (GDP), was $9.25 trillion in 1999. Those levels of production, consumption, and spending make the U.S.
economy by uttermost the largest economy the world has ever known— in provoke of the fact that some other nations have far more(prenominal) than people, land, or other resources. Through most of the 20th century, U.S. citizens in like manner enjoyed the blueest material standards of living in the world. Some nations have high per capita (per person) incomes than the United States. However, these comparisons are based on international ...If you assume to get a full essay, order it on our website: OrderCustomPaper.com
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