The United States and GDP
The United States has the highest gross domestic product
in the world at approximately 8.5 trillion
dollars. The U.S. is the world economic
leader and is one of the most developed countries
in the world. The United States has a market economy that is based on
a free-enterprise system. People are free to purchase what they want and
to choose their own ways of earning income. Advanced agriculture, science,
technology, and medicine make the GDP incredibly high.
Where does all the money come from, and what are a few
things that go into the calculation of the GDP?
Agriculture has always
been a major economic activity in the U.S. Farmers all over the country
grow different kinds of crops and raise various kinds of livestock to
sell to consumers and businesses. Farmers in northeastern states often
raise cattle and chickens. Farmers in southern states, such as Florida,
produce and sell citrus fruits. Farmers in Georgia focus on pecans and
peanuts. The Midwest region of the U.S. is often called the farm belt,
because the fertile midwestern soil produces corn and soybeans.
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