The United States of America

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The United States of America

The United States of America

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The economy of United States is one of the largest in the world to-day. According to the 2008 estimates the GDP of United States was $14.2 trillion .The GDP per capita stood at $ 48,000 in 2008 ranking the 4th in the world rising from $ 47,000 in 2007.

The United States of America

GDP real growth rate grew by 1.3% in 2008 after registering 2.8 % and 2% in 2006 and 2007 respectively. The cultural and environmental factors have favored increased growth of United States economy over the decades. This paper will analyze various factors affecting economic performance in United States.