How the condition economy USA ?
helo i am student economy from indonesia and i want ask you about condition economy america.first what is meaning GDP ? 2.what the system economic america ? 3.what the system government america ? what the interaction between GDP economy and GNP economy america/usa.what you doing in office company you ?
Economics - 3 Answers
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1 :
1. Gross National Product (google for more info.) 2. Some what capitalistic but quickly becoming more socialist. 3. Our federal government has been taken over by a group of socialist criminal thugs who do not care about even following our constitution.
2 :
GDP is gross domestic product (not national). It is the final goods and services produced inside the US borders. It is by geography not who makes it. A Japanese automaker making a car inside the US DOES count toward GDP 2. economic system is a market based capitalist system 3. political system is a representative democracy. That is people elect government officials who in term represent them in the government. THE U.S. IS NOT A DEMOCRACY sorry i don't understand the last part. GNP (gross national product) is final goods and services produced by U.S. citizens regardless of where they are; GDP I said earlier
3 :
Why hello! To answer your questions: 1) GDP is Gross Domestic Product. It's the value of all the goods and services produced WITHIN a country's borders. 2) The US is a somewhate regulated capitalistic system. For example we set price controls on essentials such as food and water, but no price controls on non-essentials such as televisions. We are not a Laissez-faire capitalism. The above description I gave is a simplification of what actually goes on here but I'd say it's accurate for the most part. 3) We're a representative republic. That means we elect people to represent us, and those representatives do the actual footwork of voting on bills (in general). We're not a democracy since every citizen doesn't vote on every bill. That might sound like America-bashing but it isn't, true democracies are virtually impossible to implement in a country with a large population. 4) The difference between GDP (Gross Domestic Product) and GNP (Gross National Product) is that the GDP is the value of goods/services produced WITHIN (stressing this) a country's physical borders, while the GNP is the value of goods/services produced by citizens of a country, regardless of physical location. So as an example consider a Nissan (brand of car) manufacturer here in the US. Nissan is a Japanese owned company. For the US GDP you would include the value of everything made by that factory (it is located in the US), but for the US GNP you would exclude the value (it is owned by the Japanese). "what you doing in office company you ?" Sorry I have no idea what you're saying here :/
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