Please Use the Textbook Starting on Page 140 to Complete This Assignment

Name: ______

Translation: The US Economy

Please use the textbook starting on page 140 to complete this assignment.

The World’s Greatest Economic Power

The United States has about _____ percent of the world’s land area and about ______percent of the world’s population. But it has the ______– the most powerful, diverse, and technologically advanced in the world. The United States is a world leader in

______, ______, and ______. In fact, it accounts for more than 10 percent of the world’s ______, which are goods sold to another country.

Three factors have contributed to the overall success of the American economy – ______

______, a ______, and a ______that has allowed the economy to develop. The economy is run largely on ______. In this economic system, private individuals own most of the resources, technology, and businesses, and can operate them for profit with little control from the government.

An Agricultural and Industrial Giant

The United States not only feeds itself but also helps to feed ______. American farms and ranches supply about ______percent of the world’s production of corn, ______percent of its cotton, and about ______percent of the wheat, cattle, and hogs. ______, a

______, and the ______of the country’s farms are mainly responsible for this bounty. Different areas of the country produce different products. The Midwest and South, for example, specialize in crop farming, while livestock ranching is concentrated in the West.

The ______of the United States is larger than that of any other country. Advances in

______, especially in electronics and computers, revolutionized industry and led to the creation of new products and methods of production. Leading industries are ______,

______, ______, ______,

______, ______, and ______.

Major industrial centers have long been located along the ______and around the ______. In recent decades, a variety of industries have also started up in urban areas in the ______and along the ______. Over time, some areas have become associated with certain products, such as Detroit (______),

Seattle (______), and northern California, in an area called Silicon Valley

(______).

A Postindustrial Economy

The United States has rich farming and manufacturing traditions. However, today the American economy is driven by ______. A service industry is any kind of economic activity that produces a service rather than a product. Nearly ______out of ______

Americans now work in service-related jobs, such as information processing, finance, medicine, transportation, and education. This economic phase is called a ______, one where ______no longer plays a dominant role. The United States is the world’s major ______nation, leading the world in the value of its exports and imports. It exports ______, ______, and ______. ______, ______,

______, and ______are some of its principal imports. Its

North American neighbors, ______and ______, are two of its most important trading partners. Many American corporations engage in business worldwide and are now called multinationals. Names: ______

Working in groups of 3, you will be investigating how some of America’s major cities are changing. You will either be looking at Atlanta, GA, Denver, CO, Seattle, WA, or Austin, TX. You will use your Kuno to research the following questions about your city:

1) Is the city growing in size? What are some causes for the growth or lack thereof? 2) What is the current major industry in that city? How does it affect the economy of your city and

its residents?