Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

It is clear that the United States has a significantly larger GDP than any other nation in the world. Historically the United States has always

It is clear that the United States has a significantly larger GDP than any other nation in the world. Historically the United States has always enjoyed being the world's largest producer of goods and services. However, it appears that all of that will change shortly. Some economists have predicted that China's GDP will become larger than the United States' GDP as early as 2021 and by 2030 India's GDP will also become larger than the United States' GDP as well. This means that the United States will only be the third largest economy in the world (China will be first and India will be second). How do you feel about that? How might that impact the U.S. economy? What kinds of political impacts will it have?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics For Environmental Studies A Strategic Guide To Micro-And Macroeconomics

Authors: Alfred Endres, Volker Radke

2012th Edition

364231192X, 978-3642311925

More Books

Students also viewed these Economics questions

Question

Always have the dignity of the other or others as a backdrop.

Answered: 1 week ago