Comparing a Past Decade with Todays Economy Research Paper

Comparing a Past Decade with Todays Economy - Research Paper Example At the same time, they face various types of barriers when they try to compete against other firms in the US marketplaces. 2000 is one of the decades that has created loss for employees and financial system of US. â€Å"The decade that just ended has been the worst for the U.S. economy in modern times by a wide range of data, with zero net job growth and the slowest rise in economic output since the 1930s. Many who stayed employed were hurt too, with middle-income families making less in 2008, when adjusted for inflation, than they did in 1999 — the first decade since the 1960s that median incomes have fallen† (Seitz-Wald para. 1). Recent financial data demonstrates that the poverty rate in US has grown the highest in the past 20 years. It is well recognized that the present financial climate in the US is not favorable. This pushes one to think on the subject of the level of economic growth over the last 10 years in the country. One thing to observe is the wide GDP alte rations that have occurred over the period. Considering the information from 2000 to 2011, the CPI representing the price of living has increased to 25.74% (January 2000 to September 2011). Individual income, deriving from interest, dividends, labor, and transfers made by government minus social security through the corresponding period rose up to 57.19%. 2) Relate that state to today’s economy based on those indicators. The US’ real GDP rate has increased annually by 2.5 % in the third quarter of 2011 (that is, from the second part to the third part) according to the "advance" estimation released by the agency of Economic study. In the second part, real GDP advanced to 1.3%. â€Å" †. (GDP United States 1). The increase in real GDP in the third part mainly reflected positive contributions from Individual Consumption Expenditures (ICE), exports, nonresidential fixed assets and federal administration spending that were partially counterbalanced by negative contri butions from private inventory investment as well as local and state government expenditure. Imports, which are a subtraction in the computation of GDP, have also been increased. â€Å"U.S. Inflation Rate Past Trend Present Value & Future Projection YoY Change in CPI. Percent. † (U.S. Inflation Rate Forecast para. 2). Recent financial Indicators published in November 08, 2011. Indicator Value of the indicator. Worldwide Stocks development, % 0.37 United State GDP development, % 2.45 United State Inflation, % 3.90 United State Unemployment rate % 9.00 Gold, $/oz 1,795.00 WTI Oil, $/bbl rate 96.89 US 10 Yr Treasuries, rate % 2.09 (US Inflation Rate Forecast) 3) Describe the state of the economy at the end of the decade: The US financial system is the world's biggest national economy. Its nominal GDP was anticipated to be almost $14.7 trillion in 2010, around a quarter of nominal worldwide GDP at buying power parity. The US economy also keeps a very high rate of production every year. In 2010, it was anticipated to have a per capita GDP of $46,844, the 7th maximum in the globe. The United State is the main trading country in the globe. Its three major trading partners at the end of the

Consumer Chemistry Essay Example | Topics and Well Written Essays - 250 words

Consumer Chemistry - Essay Example Land degradation, global warming and resistant organisms have limited the adequate food supply through traditional plant breeding (McKinney & Schoch, 322). These problems have called for the introduction and development of genetically modified food or transgenic crops, which are resistant to disease causing micro-organisms and drought. However, this technology has met strong critics due to the health risks it has on the population. This limitation has slowed down the rate of its adoption and implementation in several countries, especially in the third world countries (McKinney & Schoch, 322). Most people, including some biotechnology specialists, feels GM foods are potential inducers of new allergen in the human body. This is evident in some people and children who are highly resistant to GM foods and peanuts (Jensen & Malter 2). Genes can originate from different species, for example, when an animal gene is introduced into plan genome. With the GM foods, the human body is at risk of developing resistant bacteria, which may become extremely difficult to control using the normal antibiotics. This can lead to increased spread of diseases (Jensen & Malter 2). In conclusion, despite the health risks imposed by the GM foods, it should be understood that it only has negative effects on a small percentage of the population. Most of the supermarkets are stocked with GM foods, and only a small percentage of shoppers complain of their side effects. This, therefore, is an indication that GM foods are the future sources of food. Biotechnology advancements should be supported, and adopted by all nations, so as to address the problems of drought and crop resistant organisms on the traditional plant breeding method. This will ensure adequate and better food is supplied to the ever-growing population (Evenson & Santaniello