The United States Economy and its Function

The United States’ economy has been ranked as the largest in the entire world. The country’s nominal GDP was approximated to 15.7 trillion dollars in 2012 which almost a quarter of the world’s GDP. Consequently, the country’s purchasing power parity has also been ranked in the world. The United States has been able to maintain a stable general GDP growth, high levels of investment in research and development, and moderate rate of unemployment. Generally, the country has a mixed economy. Its major trading partners include Japan, Mexico, China, Canada, and the European Union (Swanson 12).
Similarly, the United States are deemed the wealthiest country in the entire world considering the fact that it is rich in copious natural resources, high productivity, and has well-built infrastructure. Its financial markets are very influential in the…..

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