The reason for the U.S. is considered the biggest economy.

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Answer 1

Question

Chapter 2, Problem 1DQ

To determine

To analyze:

The reason for the U.S. is considered the biggest economy.

Expert Solution & Answer

Answer to Problem 1DQ

The reasonfor U.S. being the biggest economy is its unique combination of prosperity and population.

Explanation of Solution

The 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 high population with high per capita income the way U.S. does. Though, China comes close to U.S. despite its high labor force of almost double the entire population of U.S. However, China's per capita income is far lower than the U.S. Hence, U.S. remains the "land of opportunity".

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Answer 2

Question

Chapter 2, Problem 1DQ

To determine

To analyze:

The reason for the U.S. is considered the biggest economy.

Expert Solution & Answer

Answer to Problem 1DQ

The reasonfor U.S. being the biggest economy is its unique combination of prosperity and population.

Explanation of Solution

The 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 high population with high per capita income the way U.S. does. Though, China comes close to U.S. despite its high labor force of almost double the entire population of U.S. However, China's per capita income is far lower than the U.S. Hence, U.S. remains the "land of opportunity".

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Answer 3

Question

Chapter 2, Problem 1DQ

To determine

To analyze:

The reason for the U.S. is considered the biggest economy.

Expert Solution & Answer

Answer to Problem 1DQ

The reasonfor U.S. being the biggest economy is its unique combination of prosperity and population.

Explanation of Solution

The 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 high population with high per capita income the way U.S. does. Though, China comes close to U.S. despite its high labor force of almost double the entire population of U.S. However, China's per capita income is far lower than the U.S. Hence, U.S. remains the "land of opportunity".

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Answer 4

Question

Chapter 2, Problem 1DQ

To determine

To analyze:

The reason for the U.S. is considered the biggest economy.

Expert Solution & Answer

Answer to Problem 1DQ

The reasonfor U.S. being the biggest economy is its unique combination of prosperity and population.

Explanation of Solution

The 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 high population with high per capita income the way U.S. does. Though, China comes close to U.S. despite its high labor force of almost double the entire population of U.S. However, China's per capita income is far lower than the U.S. Hence, U.S. 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 analyze:

The reason for the U.S. is considered the biggest economy.

Expert Solution & Answer

Answer to Problem 1DQ

The reasonfor U.S. being the biggest economy is its unique combination of prosperity and population.

Explanation of Solution

The 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 high population with high per capita income the way U.S. does. Though, China comes close to U.S. despite its high labor force of almost double the entire population of U.S. However, China's per capita income is far lower than the U.S. Hence, U.S. remains the "land of opportunity".

Answer 6

Chapter 2, Problem 1DQ

To determine

To analyze:

The reason for the U.S. is considered the biggest economy.

Expert Solution & Answer

Answer to Problem 1DQ

The reasonfor U.S. being the biggest economy is its unique combination of prosperity and population.

Explanation of Solution

The 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 high population with high per capita income the way U.S. does. Though, China comes close to U.S. despite its high labor force of almost double the entire population of U.S. However, China's per capita income is far lower than the U.S. Hence, U.S. remains the "land of opportunity".

Answer 7

Chapter 2, Problem 1DQ

To determine

To analyze:

The reason for the U.S. is considered the biggest economy.

Answer 8

Expert Solution & Answer

Answer to Problem 1DQ

The reasonfor U.S. being the biggest economy is its unique combination of prosperity and population.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

The 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 high population with high per capita income the way U.S. does. Though, China comes close to U.S. despite its high labor force of almost double the entire population of U.S. However, China's per capita income is far lower than the U.S. Hence, U.S. remains the "land of opportunity".

Answer 12

Ch. 2 - Prob. 1DQ Ch. 2 - Prob. 2DQ Ch. 2 - Prob. 3DQ Ch. 2 - Prob. 4DQ Ch. 2 - Prob. 5DQ Ch. 2 - Prob. 6DQ

The reason for the U.S. is considered the biggest economy.

To analyze: The reason for the U.S. is considered the biggest economy.

Answer to Problem 1DQ

Explanation of Solution

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Chapter 2 Solutions

To analyze:

The reason for the U.S. is considered the biggest economy.