Economy of the United States.

The American economy is the largest in the world and a highly developed mixed economy.

By nominal GDP, it has the largest economy in the world, and by purchasing power parity (PPP), it is second only to China in size.

As of 2022, its nominal per capita GDP ranks seventh globally and its PPP per capita GDP ranks eighth. In this dataset, we'll look at the US economy's growth over the past and present presidents to see how that growth may have been influenced.

PRESIDENT:

Ronald Reagan 1981-1988,

George Bush 1989-1992,

Bill Clinton 1993-2000,

George W. Bush 2001-2008

Barack Obama 2009 - 2016

Donald Trump 2017 - 2020

Joe Biden 2021 - Present.

Below is the information for different presidents and their influence in the economy of America.

Inflation Rate:

Inflation is the gradual loss of purchasing power, reflected in a broad rise in prices for goods and services.

Based on the study above, we can see that the inflation rate rose to over 37.30% during President Ronald Reagan's tenure, with George W. Bush coming in second with a 22.70% increase. Donald Trump had the lowest inflation rate as president of the United States, with around 7.5% during his tenure. Although Joe Biden is still in office, inflation is higher than during Donald Trump's tenure.

Unemployment Rate:

The unemployment rate is the percentage of people in the labor force that are unemployed. According to the data presented above, there was a slight difference between President Obama and President Ronald, showing that President Ronald had the highest unemployment rate. Despite the fact that the difference was only 0.6%, both Obama and Ronald are regarded as the top regime with the greatest unemployment rate. The difference between Bill Clinton and George W. Bush was only 0.5%. Donald Trump, who had roughly 20.10%, and Joe Biden, the current president of the United States, both had the lowest unemployment rate. So, in conclusion, if nothing is done, the unemployment rate may rise in the near future.

GDP Growth Rate:

the yearly average rate of change for a specific national economy over a certain time period of the gross domestic product (GDP) at market prices based on constant local currency. As seen in the picture above, Bill Clinton had the highest GDP growth rate with a whopping 31.10%, while Ronald Reagan was right behind him with a whopping 27.90%. The GDP growth under the Donald Trump regime is below average. According to the information provided above, Bill Clinton had the highest GDP growth rate among all presidents, while Donald Trump had the lowest.

Government Debt Growth Rate:

The financial obligations of the public sector are referred to as a nation's gross government debt, also known as public debt or sovereign debt. Government borrowing over time is mostly due to prior shortfalls in the budget. Therefore, based on the aforementioned depiction, it is clear that President Barack Obama had the largest level of government debt, whereas President George Bush had the lowest level.

Conclusion: Although there are other elements that can adversely harm a nation's economic, with excellent leadership, it can be controlled. A leader of a place can have a significant impact on a country's economy.