Economy Of The United States Over The Last 3 Years

IntroductionPresident George W . Bush , in a speech before his economic team on August 8 , 2007 talked several(prenominal) the area s thriving economy . President Bush tattle : I just finished a productive brush with members of my economic team We discussed our thriving economy and what we need to do to keep it that way . We care a lot about(predicate) whether our faller citizens are working , and whether or not they ve got capital in their pockets to save , spend , or invest as they larn fit . We talked about America s role in the global br economy (President Bush MeetsLooking at some major economic indicators , the President s claim on the harvest-time of the economy has some sense . For this , the following indicators get out be discussed : the everlasting(a) Domestic offset - which measures overall economic p roductiveness of the nation Inflation rate - which measures the rise in the usual direct of prices Unemployment or employment rate - which reflects the number of the great vulgar with jobs and Balance of Payments - which reflect the relationship between exports and importsThe United States political sympathies uses two sets of tools that affect the American providence . These tools are monetary Policy and monetary Policy . The first one deals with how the large medication controls the supply of money and therefore the general constancy of prices . The fightrant one deals with disposal expenditures specifically how much the judicature is earning (taxes and revenues ) and where will it spend the money (budgetMonetary policy is executed by the federal official Reserve System through its gameboard of Governors while Fiscal policy is carried out by decision maker branch with or without the support of CongressThe U .S . Economy in ReviewThe U .S . Economy is the largest an d most powerful economy in the world By the ! end of the terce quarter of 2007 its perfect(a) Domestic return was close to 14 TrillionStarting in 2004 , the U .S . economy was relate by significant events that tested its resiliency .

The aftermath of the phratry 11 terrorist attacks lead to major shifts in national resources to entreat global terrorism . The costly war in Iraq led to a more costly U .S . occupation in Saddam Hussein s country . broad investments were made by the country for the war - investment in budget , resources and compassionate capitalDuring the same period , Hurricane Katrina caused extensive constipation in the disjunction Coast . Resources were diverted to aid those who suffered from the subjectiv e calamityOil prices soared between 2005 and 2006 besides threatening the economyDespite these setbacks , the U .S . economy post strong growth during the period 2004-2007 megascopic Domestic ProductThe U .S . Gross Domestic Product recorded growth rates of 2 .9 percent in 2004 , 3 .2 percent in 2005 and 2006 and a leap to 4 .2 percent at the end of the third quarter of 2007According to the delegacy of Economic Accounts , the increase in gross domestic product primarily reflected increases in consumer spending , investment in equipment and package , federal government spending , and residential fixed investmentThe...If you involve to get a full essay, order it on our website: OrderEssay.net

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