Rich natural resources

Enormous agricultural output

3) Highly developed industry

 

The United States' nominal GDP was estimated to be $16.6 trillion in June 2013,approximately a quarter of nominal global GDP. GDP- ВВП

Resilience

Flexibility

Innovation

The US has abundant natural resources, a well-developed infrastructure, and high productivity

It has the world's sixth-highest per capita GDP (PPP). The U.S. is the world's third-largest producer of oil and second-largest producer of natural gas.

The primary sector is defined as the industrial sector of an economy characterized by the extraction and collection of natural resources. Primary processes also include farming,fishing,mining and the activity of turning natural resources into primary goods.

As of 2010,only 1,2 %of Usa ‘s GDP was agricultural.At present,around 2% of USA’s population in the primary sector.Only about 0.7% of the work force is employed in farming, forestry and fishing.That is a significant decrease from the number of primary sector workers in the mid-nineteenth century,when more than 2/3 of USA’s workforce was employed in primary sector.Primary exports include wheat,corn,vegetables,cotton,beef, pork,poultry,dairy products, fish and forest products.

Major natural resources and minerals:

Natural (Gas,petroleum (Alaska,California,the gulf of mexico etc)

Iron ore (Michigan,minnesola)

Coal (Wyoming,the appalachians)

Copper (Arizona)

Zine (Tennessee)

Lead (Missouri)

 

Major ways of producing energy:

1)coal –burning

2) nuclear generation

3) hydroelectricity

 

21. Economy. The Role of the Government. The Secondary Sector.

The secondary sector is defined as the industrial sector of an economy dominated by the manufacture of finished products. Large amounts of energy are consumed to run through this process. Industries include the automobile industry, the chemical industry, consumer electronics, industrial equipment, steel production, the tobacco industry, aerospace manufacturing, textile industry, telecommunications.

At present,around 23% of USA’s population is in the secondary sector. as of 2010,22% of usa’s GDP was industrial.

Federal agencies of the government regulate the following aspects of the US industries:

Worker safety and work conditions

Air and water pollution

Food and prescription drug safety

Automobile fuel economy

Transportation safety

Public health programs such as Medicaid

Some of the major government-owned companies are:

The US postal service