According to the U.S. Bureau of Economic Analysis, the monthly international trade deficit decreased from $51.1 billion in January to $49.4 billion in February. The implication of these figures is that the nation’s exports had increased at a higher rate than imports. In addition to this, the government expenditure had also gone down in the month of February as compared to the previous months and as such. Revenue from exports increased the total revenue earned over this period.
The latest release of U.S. statistics shows that the Gross Domestic Product (GDP) for the year ended on 30 th November 2018 was $20,494,100 million. The figure was the highest over the years and it implies that the nation was performing very well over the last year. In addition to this, the production of goods and services was also high with a greater percentage of income distribution in society. Whenever there is an increase in the production levels, this means that the market is adequately supplied with goods required to bring significant growth to the economy. The GDP is calculated based on the sum of the goods and services that the nation had recorded after which, the total revenue is calculated. The implication of this financial measure is that the nation had performed better than the previous fiscal year.
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The federal debt was recorded to be approximately $22 million for the year ended 30 September 2018 meaning that apart from debts, the government had borrowed $22 million more than it had made in revenue. The bottom line for the aforementioned period in 2018 was $3.33 trillion. The figure implies that this is the figure of the federal income after all the expenses have been deducted. It, therefore, represents the net revenue that has been earned over a one-year period. A higher bottom line from the budget implies that the economy has improved in performance.
