Economics: Principles & Policy
14th Edition
ISBN: 9781337912679
Author: William J. Baumol; Alan S. Blinder; John L. Solow
Publisher: Cengage Learning US
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Question
Chapter 2, Problem 1DQ
To determine
The reason for the U.S to remain as the biggest national economy of the world.
Expert Solution & Answer
Explanation of Solution
United State is the largest national economy in the world. The reason for the U.S to remain as the biggest national economy is the existence of productive population or productive labor force in the economy and accumulated wealth of the nation.
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Chapter 2 Solutions
Economics: Principles & Policy
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