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United States Economy over the Last Eight Quarters

The considerable GDP of $ 18 trillion represents approximately 30.04 % of the total

world economy. The US dollar is an essential element in the developments of the current

economy since it is the most transacted currency in the international platforms. Importantly, the

US economy is boosted by plenty natural resources, high productivity and, well-established

infrastructure. It is formed by many organizations which participate in international trade with

equally capable nations. Therefore, it dominates many trading services in the world. According

to economic indicators, the total internal trade amounts to $ 4.92 trillion. Several factors

necessitate the economic system in the capital and financial markets.

The real GDP in the United States recorded an upward trend over the years. Typically,

this means that the adjustment of the price changes with the figures of economic output is always

increasing. The total outputs on nominal GDP, money value approximation, and quantity index is

expressed in the real GDP system. In the last eight quarters there is a slight decrease in GDP

level in the two successive quarters—the fourth quarter of 2016 and the first of 2017—but in

other quarters there was an increment of 2.6 percent (Mataloni et al.). These effects are brought

by the decline in average performances of the industry. As a result, there was recession

temporally period in the US economy, but currently, the state’s economy is expanding. A high

rate of unemployment led to stagnation in the two declining quarters.

Economic expansion in the United States happens when there is an increase of economic

activities to ensure sufficient supply of goods and services (Way 2000). Unlike recession,

expansion is a result of a rise in real GDP of a country. As such in the last eight quarters, there is

a continuous trend in economic expansion except for the declining two quarters. The

unemployment rate is another factor that affects economic expansion in the United States.
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Typically, the measure of the unemployed individuals and existing labor force define the

unemployment rates.
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Works Cited

Fornell, Claes, et al. "The American Customer Satisfaction Index: Nature, Purpose, and

Findings." Journal of Marketing, vol. 60, no. 4, 1996, p. 7-18.

Mataloni, Lisa, et al. "News Release: Gross Domestic Product." U.S. Bureau of Economic

Analysis (BEA), 29 Nov. 2017,

www.bea.gov/newsreleases/national/gdp/2017/gdp3q17_2nd.htm. Accessed

23 Mar. 2018.

Way, Sean A. "High Performance Work Systems and Intermediate Indicators of Firm

Performance Within the US Small Business Sector." Journal of Management, vol. 28,

no. 6, 2002, pp. 765-785.