The year after, it dropped by roughly 200 billion, only to rise up again to 1778.63 in 2012. 1 The reason why GDP is so closely related to the strength of the economy is because it tracks all final spending. Since final spending relates to how much people are buying, how much the government is spending, how much investors are investing, and the net value of imports and exports, there is a strong correlation between the GDP and the economy’s strength. Although the GDP is a great measure, there is a lot more to consider such as inflation and unemployment. Inflation is also a very strong indication of economic growth as it represents the growth of the prices of goods and services.
According to yahoo finance, the industry leader in P/E is Banco De Oro Unibank, Incorporated with a 0.00. Overall, Citigroup is a strong company that could be included as one of the top companies in the industry. Their rankings are generally in the top quarter percent. Exxon Mobil Corp. Market Capitalization: 355.70B Trailing P/E/: 12.49 Forward P/E: 11.07 PEG Ratio: 1.00 Profit Margin: 8.27% Total Cash: 12.26B Short Ratio: 1.40 Dividend Payout Ratio: 30.00% How does this compare? Exxon Mobil Corp is in the top 6 in all of the top major integrated oil and gas companies by Market Cap.
Economic Essay The middle class has no defined group of people. Most say that it includes people who earn a total income of $200,000 or less, but this would only leave 3% as not middle class. Others say that the middle class can range from those that have a yearly income of $20,000 to $100,000. Whatever the case may be, there is no doubt that the economic recession has hit everyone’s wallet hard. The middle classes’ struggle throughout 2007 to 2009 was a hard one that has affected and continues to affect society today.
During the Cold War era, the USA's economic position may have been strengthened due to its increasing political influence as one of the world's leading powers alongside The USSR, which had a GDP that made up 10% of the world's economy in 1950. The competition between these two dominant powers served as motivation for them to increase and solidify their super power status through militaristic, scientific, political and economic means. By 1998 The USA remained the world's leading economic power with Japan having the second largest economy, constituting 13% of the world's GDP. It can also be seen that The USSR had lost its position in the top 4 due to the collapse of communism – negatively impacting on Russia's economy as it was no longer bolstered by its buffer states in Eastern Europe that contributed to Soviet industry. With
Not only will the massive amounts oil produced from this area have an effect, it is estimated to create anywhere from 250,000-735,000 jobs. Just for a reference as to how much this will boost the economy, since 1977 the North Slope oil development has pumped 500 billion dollars back into the economy. This is now slowly running out of resources considering it reached its peak production in 1980; however to continue boosting the economy more exploration needs to be done. (source 2) Action needs to be taken immediately because from the date of approval to exploration it takes anywhere from 7-12 years until the first barrel of oil is recovered. (Source 1/3) The 16 billion barrels of oil that lie untapped there would be more than enough to replace the oil Americans would purchase from Iraq for over 58 years.
One effect of hydraulic fracturing on economics is that it creates a huge increase in profit for natural gas sellers and drillers by opening up the opportunity to tap so much more natural gas than was available before. “North America has approximately 4.2 quadrillion (4,244 trillion) cubic feet of recoverable natural gas that would supply 175 years’ worth of natural gas at current consumption rates.” (Earthworks, N. Loris) Another way it affects the economy is that 10,000 jobs could be created by each drilling site that is opened. (N. Loris) However, a negative effect it has is that it costs about 2 billion dollars for each plant and extra for maintenance and disposal. One last affect hydrofracking has on the economy is it lowers natural gas prices by up to 15 dollars a gallon.
Fiscal Policy Fiscal Policy The national debt is a consecutive sum of every deficit less every surplus, from the time when George Washington was president. During its 236 years, the United States has borrowed more money than it has saved, so the U.S. is in debt not only to its national citizens but also to foreign governments by about $15.8 trillion and rising (U.S. debt clock, 2012). The U.S. can borrow money through the Department of Treasury’s issuance of bonds, which acts as IOUs from the federal government. Because Treasury bonds are a safe investment, they are easily acquired on the open market by U.S. businesses and households as well as foreign governments, businesses, and households. The deficit and the debt are not the same thing
Their production rate was not only competitive but with the exception of Saudi Arabia, it was the cheapest in the world. The general belief within the industry and the administration was that an increase from 3.5 million to seven million was easily achievable by 2010. Cheney was paving the way for a new national energy policy just months before the attacks on the World Trade Centre. Once the war was in motion the U.S prioritised securing the oil fields in Kirkuk and while Baghdad was blown to smithereens one important place was barricaded and protected. That place was - the Ministry of Petroleum (Roberts,
income inequality. Sixty-one percent in this ABC News/Washington Post poll think the wealthgap is larger than it’s been historically. And despite longstanding public concerns about activist government, six in 10 also say the federal government should seek to reduce that differential. The public’s concern is buttressed by a recent Congressional Budget Office estimate that the wealthiest 1 percent of Americans have nearly tripled their incomes since 1979, while the bottom 80 percent of earners have seen their share of the nation’s total income slightly decline. This poll, produced for ABC by Langer Research Associates, finds that 37 percent perceive the wealth gap as “much larger” than it’s been; just 5 percent think it’s smaller.
Mexican Immigration [pic] [pic] Chris Coleman Mrs. Prasad June 1, 2006 World Cultures Pd. 8 Thesis Statement: Mexico has the highest rate of immigration to the U.S, but is this becoming a problem for the U.S America is the largest country with immigrants. This is due to the fact that immigrants are willing the do odd jobs that no one wants, which brings them money and gives them a better opportunity in life what some may say is the American life. 14.5 million, about half of the nation’s 28.4 million foreign-born residents were born in Latin America, but out of all those people those people 70% are illegal immigrants who are from Mexico. This is a very large number and this shows the impact that