The economy of the USA Agriculture in the

The economy of the USA. Agriculture in the USA. Presented by: Fomicheva Y. A. Presented to: Popova E. A.

Statistics GPD (purchasing power parity): $17. 42 trillion (2014 est. )GDP real growth rate: 2. 4% (2014 est. ) GDP - per capita (PPP): $54, 600 (2014 est. ) GDP - composition, by sector of origin: agriculture: 1. 6% industry: 20. 7% services: 77. 7% (2014 est. )

US ECONOMIC OUTLOOK The US has the most technologically powerful economy in the world. It makes up roughly 17 to 22 percent of the world's gross domestic product (GDP). The currency of the United States, the dollar, is the most widely used currency in international trade.

Basic Ingredients of the U. S. Economy • Rich in mineral resources and fertile farm soil, a moderate climate. • Labor. • A strong emphasis on education.

A Mixed Economy. • Private businesses produce most goods and services. • The consumer role is great. • A limitation of government's authority over individuals.

Research, development, and entrepreneurship. • the United States - the birthplace of 321 Inventions (the airplane, internet, microchip, laser, computer cellphone, refrigerator, email, computer, LCD and LED technology). •

Direct Assistance. low-interest loans and technical assistance to small businesses, loans to help students attend college, medical care for low-income families, institutions for the mentally ill or people with severe disabilities, help for poor families, welfare grants.

Agriculture. • Farming has been particularly valued in the United States. • Owning a farm was a ticket into the American economic system.

Factors. Extremely favorable natural conditions. Large capital investments. Use of highly trained labor. Biotechnology, fertilizers and pesticides. New food products and new methods.

Several trends. 1. the continuing decline of small family farms. (Large farms-9 % of farms but received 51 percent of total agricultural revenues), 2. the increasing productivity of the sector (one American farmer produces enough food for 96 people), 3. the growth in exports and imports, 4. the loss of agricultural subsidies.