Economics help plz, conserning GDP?

Question

What type of impact do you think the United States economy has on the World economy? Explain your answer. Specific examples might include:

References to the impact September 11th (9/11) had on our economy and the resulting effects of the world economy (travel/airlines, etc)

U.S. participation in the World Bank and International Monetary Fund - the U.S. has a large say in how much is loaned and which countries receive loans.

U.S. trade and its importance to the stability and economic development of other countries.

Plz try to help, and thank you to anyone that does.

Answer 1

The US represents about one-quarter of world GDP, so ANYTHING that happens here has a significant effect on the world total.

Answer 2

good question........

GDP=Gross Domestic Product.....its a fig that indiactes a country's economic growth....

now ur question........

1. US economy has a significant impact on wrld economy.....thats coz a large part of trade around the world is done in US $. if the US economy slides down, the $ weakens which in turn effects the other currencies.....like if the $ weakens the INR(indian rupee) suffers, coz we trade with others in $ and it efects our exports.....and more so coz nobody wants to trade with a weak $....bcoz y wud u buy somethin for $5.00 if u know u can get it for $4.00 tommorow......these things effect world trade.......thats the effect of the US $..(dangerous no!)

2. in 9/11, the world feard more terrorist attacks on US....which weakend the $, coz they feared that the americans might be more stringent on their economic policies....and the weak $ showed impacts.....as xplained above.......

3. US participation in world bank is more like US participation in the UN.....although the UN has its say, the US has its way........that very few can xplain.....may be because US is a super-power and in a way has a major share in world economy.......

4. stability of the US trade is very important coz it effects the $....n i already explained u wat happens wen the $ fluctuates.....also dont forget that the US implants sanctions on countries which it considers are threats......it DOES effect the economy of the sanctioned country and in turn the economy of the countries dependent on the sanctioned country.......

u get the point now......

hope its helpfull 2 u.......