Essay Sample on Today's Economy in the US

Introduction

The growth economy of the United States of America is considered to be among the highly ranked economy in the current world. The economics of USA has a massive growth and development due to the excellent background laid by the nation as depicted by their smooth and smart history on economic empowerments. The US economy is termed to be the largest despite the challenges it faces, and thus it remains the most significant in the whole world. The total output of the global is shared by the 20% taken by the US economy. It is also more substantial as compared to China's economy. Notably, the US economy is considered to have six sources of PPP or the GDP. The services of the us economy are also termed to be technologically advanced and highly developed on the various services offered thus accounting to an output of almost 80 percent. The areas supporting the USA economy include; retail, healthcare, technological and financial services. These services include companies that are oriented as per the shares and services they offer to their clients. On the terms of the global stage, the different massive US corporations play a significant role. Therefore, most companies are involved in the Fortune Global 500 (Gordon, Robert J 56).

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The different rates on the GDP of USA have got an impact on the interest rates either raising or lowering down to some ladders. The US currency is used in most transactions internationally thus referred to as world's currency. The money also has the broadest reserve currency of holding various issues dealing with exchange rate policies. US dollars hold the currency reserves of the whole world since they have a more significant option of almost two thirds. The treasurer department has a significant role in overseeing the issues dealing with international finance - the Federal Reserve checks on the treasury decisions on the foreign exchanges as depicted by different rates of consultations. The domestic policies and foreign exchange business determine the different prices on the US economy as a whole. Whatsoever, the US interventions and innovations remain to be less frequent as compared to other markets thus making the interest rates to lower down thus making the economy being bombarded (Gordon, Robert J 73).

The economy was low after the depths of the recession back in 2009. The use of expansionary monetary rules helps in boosting the USA economy. There was hold of interest rates due to the lower bound, and the government capitalizing on the government buying massive amounts of the financial assets. The financial assets lead to a rise in money supply and letting the long-term rates of interest lower. The practice done by the financial assets department is taken as quantitative easing. The increase in income is on the inequality aspects of not lowering the interest rates of budget deficits thus creating problems to the interest rates.

Moreover, the US economy is controlled by an excellent platform for manufacturing that represents almost 15 percent of the US output. America is also considered to be the second largest manufacturer in the whole world with aerospace, automobiles, and telecommunications. However, agriculture in the United States is less dependent since it has an output of 2% of the total production. The powerhouse status is combined with more characteristics and full of maintenance and also it has access to several natural resources. The most workforce of USA is productive, large and well educated in its appearance thus improving on the economic empowerment on the utilization of different resources. The government of the US supports the various functions of the state by making everything look stable and of sound. Donald Trump plays a vital role in the creation of good cordial relationships with different presidents of other countries that might have more power as compared to them. It is the president of USA that has played in a tremendous impact on the economic growth of USA today. The relationships between nations play in the making of trade and exports being of high advance thus improving the commercial rates of the different states (Greenspan, Alan, and Adrian Wooldridge 87).

Trump plays a critical role in the development and advancement of today's us economy. Amerce is considered to have lots of works as per the assessment is done currently in the USA. The economy is contributed genuinely by trump through the creation of new jobs. Secondly, the rate of unemployment in the US is reducing, and there is picking in the economic growth. The economic growth in the United States of America has been done by adjusting the annual growth of GDP. There is a yearly increase in the pay of non-supervisory production and employees as per the wage growth thus impacting positively on the US economy of today as the growth is concerned (Lind, Michael 93).

Conclusion

Conclusively, the us economy has grown over days from its independence to the current state. It is of proper leadership of different presidents that has made the US economy to develop and advance tremendously on the different perspectives. However, currently, Donald Trump remains to be one of the presidents of the USA who is supporting and giving support to today's growth of the United States of America.

Works Cited

Gordon, Robert J. The Rise and Fall of American Growth: The U.s. Standard of Living Since the Civil War. , 2017. Internet resource.Greenspan, Alan, and Adrian Wooldridge. Capitalism in America: A History. , 2018. Print.

Lind, Michael. Land of Promise: An Economic History of the United States. New York: Broadside Books, 2012. Print.