WHAT IS THE ECONAMIC STATE OF US?
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The economy of the United States is a highly developed mixed economy.[31][32] It is the world's largest economy by nominal GDP and net wealth and the second-largest by purchasing power parity (PPP).[33] It also has the world's eighth-highest per capita GDP (nominal) and the tenth-highest per capita GDP (PPP) in 2018.[34] The U.S. has the most technologically powerful economy in the world and its firms are at or near the forefront in technological advances.[35] The U.S. dollar is the currency most used in international transactions and is the world's foremost reserve currency, backed by its economy, its military, debt reimbursement, and the petrodollar system.[36][37] Several countries use it as their official currency, and in many others, it is the de facto currency.[38][39] The largest U.S. trading partners are China, Canada, Mexico, Japan, Germany, South Korea, United Kingdom, France, India, and Taiwan.[40] The U.S. is the world's largest importer and the second-largest exporter.[41] It has free trade agreements with several nations, including NAFTA, Australia, South Korea, Israel, and few others which are in effect or under negotiating stage.[42