ECONOMICS:PRIN.+POLICY-MINDTAP (1 TERM)
ECONOMICS:PRIN.+POLICY-MINDTAP (1 TERM)
14th Edition
ISBN: 9781337912396
Author: Baumol
Publisher: CENGAGE L
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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
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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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