ECONOMICS
GDP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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highest
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lowest
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dumbest
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best smelling
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Detailed explanation-1: -Top 5 economy in the world According to the Top 5 economies in the world, the GDP of the USA is 26 trillion dollars.
Detailed explanation-2: -The United States is a highly developed mixed-market economy. It is the world’s largest economy by nominal GDP, and the second-largest by purchasing power parity (PPP) behind China. It has the world’s seventh-highest per capita GDP (nominal) and the eighth-highest per capita GDP (PPP) as of 2022.
Detailed explanation-3: -In 2021, the United States accounted for 15.69 percent of global gross domestic product (GDP) after adjusting for purchasing power parity (PPP). This share was expected to decrease to 14.53 percent by 2027, which is roughly a seventh of the global total. What is PPP?
Detailed explanation-4: -The United States has been the world’s largest economy since 1871. The nominal GDP for the United States is $21.44 trillion. The U.S. GDP (PPP) is also $21.44 trillion.