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Language – English (82.1%) Life Expectancy – 78.37 years Religion Protestant Roman Catholic Mormon Christian Jewish Buddhist Muslim Business Customs Time is very important – “time is money” Greetings – casual, a handshake and smile are all that are necessary Gift Giving no elaborate gifts (bribery) Usually give small gift to host or hostess Gifts are usually opened when received Appropriate business dress varies depending on geographic location, day of the week and industry Communication – Americans are very direct and value logic and linear thinking Average Number of Children – 2.06 per family What is home like? The family unit is generally considered the nuclear family, and is typically small (with exceptions among certain ethnic groups) Extended family relatives live in their own homes, often at great distances from their children Individualism is prized, and this is reflected in the family unit People are proud of their individual accomplishments, initiative and success, and may, or may not, share those sources of pride with their elders Education Educational Expenditures – 5.5% of GDP Literacy Rate – 99% of population Obesity Level – 33.9% The sixth most obese country in the world Type of Economy – Market Economy The United States is really a mixed economy because there is limited government involvement in the economy Balance of Payments (debt) 62.9% of GDP IMPORTS EXPORTS Canada China Mexico Japan Germany Canada China Mexico Japan Total population – 313, 232, 044 Growth Rate – 0.963% Income Distribution of Wealth GDP – 14.66 Trillion Rate of Growth – 2.8% The United States is a market economy that encourages free enterprise and the idea that hard work yields more financial rewards. Wealth is not distributed equally, it is based on the profitability of businesses. Unemployment Rate – 9.6% Coal Copper Lead Molybdenum Phosphates rare earth elements Uranium Bauxite Gold Iron Mercury Nickel Potash Silver Tungsten Zinc Petroleum Natural gas Timber Currency – American Dollars Labor Force – 153.9 million Capitol – Washington DC Date of Independence – July 4, 1776 National Symbol 1776 1787 1789 1803 1912 1861-65 1914-18 1930 1939-45 • Gain independence from Great Britain • Constitutional Convention (writing of the Constitution) • First President (George Washington) took office • Adoption of the Bill of Rights • Louisiana Purchase – moving West • Last state (not including Hawaii and Alaska) was added to the United States • The Civil War • World War One • The Great Depression • World War II