Why is the US so wealthy? This summary of an article by Martin Feldstein was also included in the textbook: https://www.aei.org/economics/10-reasons-why-america-is-so-much-richer-than-other-rich-nations/ (Links to an external site.)

or the full paper, updated, is here: https://www.nber.org/papers/w23221. (Links to an external site.)The full paper includes some interesting comments on measuring improvements in goods and how those improvements are included (or not) in the statistics. (You may have to ask the CMC library to get you that NBER article -- they will do that for you happily.)

Choose one of the reasons he gives and tell us all why it is important and why it is either growing or shrinking in importance.

This is one of those irritating posts you have to page through, but you can find similar data in many places. They give the title of most successful ethnic group to Indian Americans. https://www.insidermonkey.com/blog/7-richest-most-powerful-ethnic-groups-in-america-653720/7/(Links to an external site.)

What then is the difference between Indians (not Native Americans) living in India, where they earn considerably less than those in the US, and American Indians (not Native Americans, people of Indian, the country, descent)? Why might they be more productive, on average, in the US?

(Just as a side note, how do you think the Immigrant Investor VISA affects this? For a mere $1,000,000 investment you can come live in the US. https://travel.state.gov/content/travel/en/us-visas/immigrate/immigrant-investor-visas.html(Links to an external site.))