1. Economic Systems Project
Student Name

2. My Country
United States

3. Background
Recognized as a new nation following the Treaty of Paris in 1783
During the 19th and 20th centuries, 37 new states were added to the original 13
The economy is marked by steady growth, low unemployment and inflation, and rapid advances in technology

4. Geography
Location – North America, bordering both the North Atlantic Ocean and the North Pacific Ocean, between Canada and Mexico
Total Area – 9,826,630 sq km
Climate - mostly temperate, but tropical in Hawaii and Florida, arctic in Alaska, semiarid in the great plains west of the Mississippi River, and arid in the Great Basin of the southwest

5. People
Population – 303,824,640
Life expectancy at birth (total population) – years
Ethnic groups - white 79.96%, black 12.85%, Asian 4.43%, Amerindian and Alaska native 0.97%, native Hawaiian and other Pacific islander 0.18%, two or more races 1.61%

6. Government
Type - Constitution-based federal republic; strong democratic tradition
Capital – Washington, DC
Administrative divisions – 50 states and 1 district

7. Economy Overview
The largest and most technologically powerful economy in the world
Private individuals and business firms make most of the decisions
Federal and state governments buy needed goods and services predominantly in the private marketplace

8. Economy GDP – per capita - $45,800 Labor force – 153.1 million
Labor force – by occupation - farming, forestry, and fishing 0.6%, manufacturing, extraction, transportation, and crafts 22.6%, managerial, professional, and technical 35.5%, sales and office 24.8%, other services 16.5%

9. Economy Unemployment rate – 4.6% Population below poverty line – 12%
Inflation rate – 2.9%

10. Economy Budget revenues - $2.568 trillion
Budget expenditures - $2.73 trillion
Public debt – 60.8%

11. Economy Oil production – 7.46 million bbl/day
Oil consumption – 20.8 million bbl/day
Oil exports – million bbl/day
Oil imports – million bbl/day

12. Economy Exports - $1.148 trillion f.o.b.
Exports commodities - agricultural products (soybeans, fruit, corn) 9.2%, industrial supplies (organic chemicals) 26.8%, capital goods (transistors, aircraft, motor vehicle parts, computers, telecommunications equipment) 49.0%, consumer goods (automobiles, medicines) 15.0%
Exports partners - Canada 21.4%, Mexico 11.7%, China 5.6%, Japan 5.4%, UK 4.3%, Germany 4.3%

13. Economy Imports - $1.968 trillion f.o.b.
Imports commodities - agricultural products 4.9%, industrial supplies 32.9% (crude oil 8.2%), capital goods 30.4% (computers, telecommunications equipment, motor vehicle parts, office machines, electric power machinery), consumer goods 31.8% (automobiles, clothing, medicines, furniture, toys)
Imports partners - China 16.9%, Canada 15.7%, Mexico 10.6%, Japan 7.4%, Germany 4.8%

14. Communications Telephones – main lines in use – 163.2 million
Telephones – mobile cellular – 255 million
Telephone system general assessment – a large, technologically advanced, multipurpose communications system

15. Transportation Airports – 14,947 Railways (total) – 226,612km
Roadways (total) – 6,430,366km

16. Military
Military branches - US Army, US Navy (includes Marine Corps), US Air Force, US Coast Guard; note - Coast Guard administered in peacetime by the Department of Homeland Security, but in wartime reports to the Department of the Navy
Military service age and obligation - 18 years of age; 17 years of age with written parental consent
Military expenditures – 4.06% of GDP

17. Three Good Things Strong democratic tradition
The largest and most technologically powerful economy in the world
Lots of roadways

18. Three Bad Things
Budget expenditures are more than budget revenues (deficit spending)
Consume 20.8 million barrels of oil per day, only produce 7.46 million barrels per day
World’s largest consumer of cocaine

19. Other Country The other country I looked at was – Brazil
The other student I worked with was – Bob Smith

20. Three Good Things Strong democratic tradition
The largest and most technologically powerful economy in the world
Lots of roadways

21. Three Bad Things
Budget expenditures are more than budget revenues (deficit spending)
Consume 20.8 million barrels of oil per day, only produce 7.46 million barrels per day
World’s largest consumer of cocaine