Economics: Principles and Policy (MindTap Course List)
13th Edition
ISBN: 9781305280595
Author: William J. Baumol, Alan S. Blinder
Publisher: Cengage Learning
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Question
Chapter 2, Problem 1DQ
To determine
Which is the biggest economy in the world and why it is remain as the biggest national economy in 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 and Policy (MindTap Course List)
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