Economy, asked by kk4kingkaran, 1 year ago

what is the economy of US????

Answers

Answered by tarunjaswal995pax11p
0
The economy of the United States is a highly developed mixed economy. It is the world's largest economy by nominal GDP and the second-largest by purchasing power parity (PPP). It also has the world's seventh-highest per capita GDP (nominal) and the eleventh-highest per capita GDP (PPP) in 2016.
Answered by Dushish
0
The economy of the United States is a highly developed mixed economy.[27][28] It is the world's largest economy by nominal GDP and the second-largest by purchasing power parity(PPP).[29] It also has the world's seventh-highest per capita GDP (nominal) and the eleventh-highest per capita GDP (PPP) in 2016.[30][31] The US has a highly diversified, world-leading industrial sector.[32] It is also a high-technology innovator with the second-largest industrial output in the world.[32] The U.S. dollar is the currency most used in international transactions and is the world's foremost reserve currency, backed by its science and technology, its military, the full faith of the U.S. government to reimburse its debts, its central role in a range of international institutions since World War II, and the petrodollar system.[33][34] Several countries use it as their official currency, and in many others, it is the de factocurrency.[35][36] Its largest trading partners are China, Canada, Mexico, Japan, Germany, South Korea, United Kingdom, France, India, and Taiwan.[
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