Overview
The United States has the world’s largest, most technologically advanced economy with a gross domestic product of around 18.57 trillion dollars in 2016. The American economy is a free market and a private enterprise system with limited government intervention in areas such as healthcare and transportation. It is fueled by abundant natural resources and high productivity. Overall, the United States economy is in good condition, according to key macroeconomic indicators. Unemployment currently sits at a rate of 3.9%, there is a sustained GDP growth of 2.3%, and low inflation at 2.5%. The largest problem the United States faces is inequity, as it currently has a high Gini Index of 0.415.
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