An Approach to the Determinants of the Agricultural Output Dynamics in the USA - The Agricultural Economics of the 21st Century - page 10

United States Gross capital formaon (% of GDP)
30
25
20
15
10
5
0
Fig. 2.15 Gross capital formation (% of GDP) in the USA
United States Agriculture, value added (% of GDP)
5
4,5
4
3,5
3
2,5
2
1,5
1
0,5
0
Fig. 2.16 Agriculture, value added (% of GDP) in the USA
United States Industry, value added (% of GDP)
40
35
30
25
20
15
10
5
0
Fig. 2.17 Industry, value added (% of GDP) in the USA
The GDP per capita, at current prices, rose continuously in the last five decades
(Fig. 2.20 ). These values need other approaches, because of the effects of inflation
upon this evolution.
The weight of employment in agriculture decreased significantly in the last three
decades, from about 3.5 % in 1980 to 1.5 % in 2010 (Fig. 2.21 ). This is in
concordance with other previous analysis for others variables.
The unemployment rates changed after the financial crisis of 2008 from about 4-
6 % in the previous decade to about 8-10 % (Fig. 2.22 ).