The Analysis Of The Economic Activity Of The USA Essay

The Analysis Of The Economic Activity Of The USA - Essay Example The gross domestic product in the United States has been valued for the worth of 16800 US billion dollars in the year 2013. The value of the Gross domestic product of the United States includes mainly 27.10 % of the total world economy (Sexton, 2007). The United States is considered as the most technologically advanced and diversified economies of the world. Insurance, rental, leasing, health care, educational services, busiThe ness, real estate and finance contribute to around 40 % of the GDP. The retail and the wholesale sector contribute to around 12 % of the total GDP of United States. The government and the related services contribute to around 13 % of the total GDP of United States (Czinkota and Ronkainen, 2007). The agriculture sector contributes to around 1.5 % of the total GDP of the United States. When the Gross Domestic product of United States is compared with the other countries in the rest of economy it has been observed that US is considered as the most technologically advanced country when compared with the other countries of the world. The business firms of United States generally experiences and enjoys greater flexibility as compared to its counterparts in Japan and Europe (McEachern, 2008). The GDP of United States when compared with Japan can be explained by the fact that the worth of the Gross domestic product of Japan is 4901 billion US dollar in the year 2013. Japan contributes around 7.90 % whereas in case of United States it contributes around 27.10 % of the total world economy. The difference in the GDP of United States and Japan can be explained with the help of the following diagram (Gottheil, 2013).