Question
The United States is the world's third-largest exporter, has the world's largest economy, and is known as the richest country in the world. The main
The United States is the world's third-largest exporter, has the world's largest economy, and is known as the richest country in the world. The main exports of the United States are capital goods, industrial supplies and materials, consumer goods, automobiles and their components, food, feed, beverages, fuels, petroleum products, aircraft, and related components. The main export partners are Canada, Mexico, China, Japan, and the United Kingdom.
The overall trade structure of the United States is in deficit, with exports about 40% of the trade volume and imports by about 60%. In 2018, the US exports $1664.06 billion, increase by 7.6%. Imports is $2,542.73 billion, increase 8.6%. The trade deficit was $878.68 billion, increase 10.4%.
Over the years, the U.S. economy relies heavily on foreign capital existence, in the long run, it will seriously affect the stable development of the United States and the world economy. Increasing exports is the best choice in the United States. Exports can bring many benefits to the economy. It can make the domestic enterprise selling more products in foreign markets, to increase production and sales enterprises. Also, export enterprises can hire more workers, pay higher wages to the workers, to provide more medical insurance and pension insurance.
Agriculture in the United States is highly developed and highly mechanized, accounting for only 2 percent of the working population. With 2 percent of the agricultural population, it feeds more than 300 million Americans in the United States, and it is also the second-largest agricultural exporter in the world. One reason is that the United States is dominated by plains and has the largest area of cultivated land in the world. Second, agricultural production mode is mainly based on farms. Third, the per capita station area is large.
GDP captures the amount a country produces, including goods and services produced for other nations' consumption, therefore exports are added.
GDP = C + G + I + NX (where C=consumption; G=government spending; I=Investment; and NX=net exports)
Ecclesiastes 11:1-2 GNB
Invest your money in foreign trade, and one of these days you will make a profit. Put your investments in several places many places because you never know what kind of bad luck you are going to have in this world.
The inspiration from the Bible is when a company begins to trade internationally, it becomes part of the global market. It will have a good opportunity to expand its customer, which will lead to better long-term growth potential.
Reference :-
United States Department of AgricultureEconomic Research Service
https://www.ers.usda.gov/data-products/ag-and-food-statistics-charting-the-essentials/agricultural-trade/ Respond to the above explanation of increases in United States exports . In particular, over the next 20 years does it seem likely that the causes highlighted in the whole paragraph will continue? Use outside research to substantiate your CLAIM , Put ideas into your own words to demonstrate understanding. Minimum 1 outside source. Reference is required
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started