Plan • • 1. The U. S. dollar 2. Oil and Natural gas 3. Financial position 4. Conclusion
The United States of America is the world's largest national economy, representing 22. 4% of nominal global GDP and 16. 6% of global GDP.
The United States dollar is the official currency of the United States and its overseas territories. The U. S. dollar is fiat money.
The U. S. dollar is the currency most used in international transactions and is the world's foremost reserve currency.
The U. S. is the world's largest producer of oil and natural gas. It is the second-largest trading nation in the world as well as the world's second largest manufacturer, representing a fifth of the global manufacturing output.
Financial position The overall financial position of the United States as of 2014 includes $269. 6 trillion of assets owned by households, businesses, and governments within its borders, representing more than 15. 7 times the annual gross domestic product of the United States. Debts owed during this same period amounted to $145. 8 trillion, about 8. 5 times the annual gross domestic product.
Conclusion The U. S. economy continues to be a leading competitor and innovator in the global economy as measured by its overall performance, market position in S&T industries, and trends in patenting of new technologies at home and abroad. The U. S. economy has grown relatively rapidly and become more productive while sustaining a high and rising per capita income. The U. S. gap with Asia on many of these measures is narrowing, however, because of rapid progress by China and several other countries. Although the EU’s economic position is relatively strong, its market position in S&T industries has either flattened out or slipped.
