The biggest national economy and the reason to remain a bigger economy than other countries.

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Answer 1

Question

Chapter 2, Problem 1DQ

To determine

To find:

The biggest national economy and the reason to remain a bigger economy than other countries.

Expert Solution & Answer

Explanation of Solution

U.S. economy is the biggest economy in the world. The reason is its unique combination of prosperity and population.

Switzerland is a richer country and India is a more populous country. No other country merges a high population with high per capita income the way the U.S. does.

Though China comes close to the U.S. despite its high labor force of almost double the entire population of U.S. China’s per capita income is far lower than here. U.S. However, it remains the “land of opportunity”.

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Answer 2

Question

Chapter 2, Problem 1DQ

To determine

To find:

The biggest national economy and the reason to remain a bigger economy than other countries.

Expert Solution & Answer

Explanation of Solution

U.S. economy is the biggest economy in the world. The reason is its unique combination of prosperity and population.

Switzerland is a richer country and India is a more populous country. No other country merges a high population with high per capita income the way the U.S. does.

Though China comes close to the U.S. despite its high labor force of almost double the entire population of U.S. China’s per capita income is far lower than here. U.S. However, it remains the “land of opportunity”.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 2, Problem 1DQ

To determine

To find:

The biggest national economy and the reason to remain a bigger economy than other countries.

Expert Solution & Answer

Explanation of Solution

U.S. economy is the biggest economy in the world. The reason is its unique combination of prosperity and population.

Switzerland is a richer country and India is a more populous country. No other country merges a high population with high per capita income the way the U.S. does.

Though China comes close to the U.S. despite its high labor force of almost double the entire population of U.S. China’s per capita income is far lower than here. U.S. However, it remains the “land of opportunity”.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 2, Problem 1DQ

To determine

To find:

The biggest national economy and the reason to remain a bigger economy than other countries.

Expert Solution & Answer

Explanation of Solution

U.S. economy is the biggest economy in the world. The reason is its unique combination of prosperity and population.

Switzerland is a richer country and India is a more populous country. No other country merges a high population with high per capita income the way the U.S. does.

Though China comes close to the U.S. despite its high labor force of almost double the entire population of U.S. China’s per capita income is far lower than here. U.S. However, it remains the “land of opportunity”.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 2, Problem 1DQ

To determine

To find:

The biggest national economy and the reason to remain a bigger economy than other countries.

Expert Solution & Answer

Explanation of Solution

U.S. economy is the biggest economy in the world. The reason is its unique combination of prosperity and population.

Switzerland is a richer country and India is a more populous country. No other country merges a high population with high per capita income the way the U.S. does.

Though China comes close to the U.S. despite its high labor force of almost double the entire population of U.S. China’s per capita income is far lower than here. U.S. However, it remains the “land of opportunity”.

Answer 6

Chapter 2, Problem 1DQ

To determine

To find:

The biggest national economy and the reason to remain a bigger economy than other countries.

Expert Solution & Answer

Explanation of Solution

U.S. economy is the biggest economy in the world. The reason is its unique combination of prosperity and population.

Switzerland is a richer country and India is a more populous country. No other country merges a high population with high per capita income the way the U.S. does.

Though China comes close to the U.S. despite its high labor force of almost double the entire population of U.S. China’s per capita income is far lower than here. U.S. However, it remains the “land of opportunity”.

Answer 7

Chapter 2, Problem 1DQ

To determine

To find:

The biggest national economy and the reason to remain a bigger economy than other countries.

Answer 8

Expert Solution & Answer

Explanation of Solution

U.S. economy is the biggest economy in the world. The reason is its unique combination of prosperity and population.

Switzerland is a richer country and India is a more populous country. No other country merges a high population with high per capita income the way the U.S. does.

Though China comes close to the U.S. despite its high labor force of almost double the entire population of U.S. China’s per capita income is far lower than here. U.S. However, it remains the “land of opportunity”.