--%>
Assignment Help - homework help

About greatest economy

Does Europe and- USA or China have the greatest economy?

E

Expert

Verified

1- Europe (keep in mind Italy, French, UK and Germany are 4 world's power) 2- USA 3- China.

From CIA World Fact book we got 2006 GDP Figures in the Trillions of dollars, buying power parity:

i) European Union: 13.080

ii) United State: 13.060

iii) China: 10.210

Preceding to 2005, and possibly back to 1942, the United State exceeded the EU.

   Related Questions in Microeconomics

  • Q : Problem on market boundaries The

    The market’s boundaries are stated by: (i) Legislation. (ii) The number of sellers and buyers in the market. (iii) The ease of trading among sellers and buyers. (iv) Geographical borders. Choose the right ans

    		•
  • Q : Yield behaviour conflicting law of

    Which of the given statements, if true, seems most probable to yield behavior which would conflict with the law of demand? (i) People cannot afford to drive as much whenever the price of gasoline goes above $3.00 per gallon. (ii) The greater heroin addicts encompass i

    		•
  • Q : Collapse of Cartels A purpose NOT often

    A purpose NOT often cited for the collapse of cartels would be: (w) price cheating. (x) inability to deter entry. (y) government prosecution. (z) merger into monopoly. Hey friends please give your opinion for the p

    		•
  • Q : Income of consumer-consequence on

    Income of consumer: In case of normal good - Increase in income leads to rise in quantity demanded of a normal good and reduce in income leads to reduction in quanti

    		•
  • Q : Percentage of incomes persistently The

    The percentage of American families along with incomes persistently below the poverty line is around: (w) 1 2%. (x) 3 5%. (y) 5 7%. (z) 8 10%. Can anybody suggest me the proper explanation for given problem regardi

    		•
  • Q : Relationship between MPP and TPP If MPP

    If MPP is zero, what can you state regarding TPP? Answer: TPP is at its maximum.

    		•
  • Q : Twin problems of the U.S. health care

    Give the answer of following question. The twin problems of the U.S. health care industry are: A) rapidly rising costs and unequal access to health care. B) declining quality of health care and the duplication of specialized equipment at hospitals. C) declining per ca

    		•
  • Q : Resource demands from purely

    Relative to the resource demands from purely competitive sellers, demands through imperfectly competitive firms for resources tend to: (1) Perfectly price elastic. (2) Upward sloping. (3) Backward bending. (4) Less price elastic. (5) Perfectly price inelastic.

  • Q : Nonexistent market supply and power

    HoloIMAGine has patented a holographic technology which creates 3-D photography obtainable to consumers. There is a market supply curve for HoloIMAGine technology: (w) nonexistent since price-maker firms simultaneously set prices as well as quantities

    		•
  • Q : Entry of new firm in monopolistic

    Entry of new firms within a monopolistically competitive market: (1) is preventable. (2) may decrease the established firm’s production costs. (3) increases the established firm’s profits. (4) shrinks demand for a successful firm’s p

    		•