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Business
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| Number of pages / Number of words: |
3 / 624 |
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The quantity of flights demanded decreased thus less people were need to maintain those flights, which caused an increase in unemployment. More people had less money, thus they did not buy output.
Nonetheless, the US has a very powerful economy, with a GDP of $12.37 trillion, representing a 3.5% increase over 2004; and a per capita GDP of $41,800...
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According to the U.S. Department of Commerce, Bureau of Economic Analysis, during 2005, the United States had a a labor force of 149.3 million, with an unemployment rate of 5.1%. It also had an inflation rate of 3.2%, and a public debt representing 64.7% of GDP. The rise in GDP in 2004 and 2005 was under girded by substantial gains in labor productivity...
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