US SYSTEM

The economy of the United States is the

world's largest national economy and the
world's second largest overall economy, the
GDP approximately $2 trillion larger. Its
nominal GDP was estimated to be $15.7 trillion
in 2012, approximately a quarter of nominal
global GDP. Its GDP at purchasing (pembelian)
power is the largest in the world, approximately
a fifth of global GDP at purchasing power.

Gross domestic product (GDP) is

the market value of all officially
recognized final goods and services
produced within a country in a given
period of time. GDP per capita is often
considered an indicator of a country's
standard of living

The United States has a mixed economy

and has maintained a stable overall GDP
growth rate, and high levels of research
and capital investment. Its five largest
trading partners are the European Union,
Canada, China, Mexico and Japan

The US is one of the world's wealthiest nations,

with abundant (persediaan yg banyak) natural
resources, a well-developed infrastructure, and
high productivity. It has the world's sixthhighest per capita GDP (PPP). The U.S. is the
world's third-largest producer of oil and secondlargest producer of natural gas. It is the secondlargest trading nation in the world behind
China. It has been the world's largest national
economy since at least the 1890s .

Purchasing power parity (PPP) is an

economic theory and a technique used to
determine the relative value of currencies,
estimating the amount of adjustment
(penyesuaian) needed on the exchange rate
between countries in order for the exchange
to be equivalent to each currency's
purchasing power. It asks how much money
would be needed to purchase the same
goods and services in two countries, and
uses that to calculate an implicit foreign
exchange rate. Using that PPP rate, an
amount of money thus has the same
purchasing power in different countries.

As of 2010, the country remains (tetap) the

world's largest manufacturer, representing a
fifth of the global manufacturing output. Of the
world's 500 largest companies, 132 are
headquartered in the US, twice that of any other
country. The country is one of the world's
largest and most influential financial markets.
About 60% of the global currency reserves
(simpanan) have been invested in the US dollar,
while 24% have been invested in the Euro.

The New York Stock Exchange is the world's

largest stock exchange by market capitalization.
Foreign investments made in the US total
almost $2.4 trillion, which is more than twice
that of any other country. American investments
in foreign countries total over $3.3 trillion,
which is almost twice that of any other country.
Consuner spending 71% of the US economy in
2013.

The labor market has attracted (menarik)

immigrants from all over the world and
its net (jaringan) migration is among the
highest in the world. The US is ranked
first globally in the IT industry
competitiveness index.

There were about 643,000 homeless persons in

the US in January 2009, about two thirds of
whom stayed in an emergency shelter or
transitional housing program and the other third
were living on the street, in an abandoned
building, or another place not meant (layak) for
human habitation. In 2008, the US spent more
on health care per capita ($7,146), and as
percentage of GDP (15.2%), than any other
nation.

In 2010, 49.9 million residents or 16.3% of the

population did not carry health insurance, the
lack of which causes roughly (kira-kira) 48,000
unnecessary (tidak diinginkan) deaths per year.
In 2007, 62.1% of filers for bankruptcy blamed
medical expenses. About 25% of all senior
citizens declare bankruptcy due to medical
expenses, and 43% are forced to mortgage
(menggadaikan) or sell their primary residence.

Total public and private debt (hutang)

was $50.2 trillion at the end of the first
quarter of 2010, or 3.5 times GDP.
Domestic
financial
assets
totaled
$131 trillion and domestic financial
liabilities
(kewajiban)
totaled
$106 trillion.

REFERENCE

Cassel, Gustav (December 1918). Abnormal

Deviations in International Exchanges. 28,
No. 112 (112). The Economic Journal.
pp.413415.

U.S Economy and Business Conditions and

Resources. U.S. Department of State.
Accessed: October 24, 2011.
Wright, Gavin, and Jesse Czelusta,
"Resource-Based Growth Past and Present",
in Natural Resources: Neither Curse Nor
Destiny, ed. Daniel Lederman and William
Maloney (World Bank, 2007), p. 185.
The Guardian 11 February 2013 China
overtakes US in world trade by Phillip
Inman

Vargo, Frank (March 11, 2011). U.S.

Manufacturing Remains Worlds Largest
Shopfloor. Retrieved March 28, 2012.
Global 500 2010: Countires GlobalCNN.
CIA The World Factbook. Cia.gov.
Retrieved April 21, 2012.
Personal Consumption Expenditures
(PCEI)/Gross Domestic Product (GDP) FRED
Graph, Federal Reserve Bank of St. Louis

^Rankings: Global Competitiveness Report

2008 2009. World Economic Forum,
retrieved October 12, 2008
Schwartz, Nelson (March 3, 2013). Recovery
in U.S is lifting Profits, but Not Adding Jobs
New York Times. Retrieved 18 March 2013.
Extreme Poerty in the United States, 1996
to 2011, National Poverty Center, February
2012
Walker, Duncan (6 March 2013). The
children going hungry in America BBC
News. Retrieved 13 March 2013.

U.S Health in International Perspective:

Shorter Lives, Poorer Health (2013)
National Institutes of Health Committee on
Population, Board on Population Health and
Public Health Practice
Woolhandler, S.; et al. (September 12,
2012). Despite slight drop in unisured,
last years figure points to 48.000
preventable deaths Physicians for a
National Health Program. Retrieved
September 26, 2012.