Ronald R. Troxell III
Mrs. Hermy McCabe
Ms. Amber Mohring
English II Composition
November 2, 2008
The US Economy
There are many ways of judging an economy, from the way in which the employment rates are moving and the GDP is behaving in both finite and real terms to the lifestyle that is seen in terms of the general population and how the economy is performing in accord with expectations. The final determinate of the successes of an economy will be the perception of the electorate of a country and how the economy effects their own lifestyles. This can be seen as the result of many economic factors operating together. In examining an economy, in the case the United States economy, we can start to understand how these factors interact and effect the lives of the individuals living in that economy.
There are many reasons that an individual may wish to examine the economy, this may be for be the assurance or reassurance of the future of savings in a country or the commercial perspective. They may need to know and understand the economic environment in order to be able to plan for the future. All of the studies that may be undertaken to examine the macro environment have one aspect in common. In the main they are looking to the recent past for patterns or trends in order to predict the short and long term future.
There have been many fears in the recent past regarding the way that the United States economy is performing and the possibility of a recession (IP 5). The country is currently in a very long running positive growth cycle. Where the economy has been seen to go from strength to strength, partly aided by the problems of other nations, and partly due to the economy being the largest and one of the most influential in the world (Ellis et al 37). Other smaller factors such as the weak Euro has also increased the strength of the dollar (Walker 121). However, the suspicion of an economic downturn does not mean that the country is on the...