Question

How does the japan's economy compare to that of the United States? Use at least one data figure in your response, such as GDP per capita.

Answer 1

The U.S. economy is roughly 2½ times as large as Japan's both on a nominal and purchasing power parity (PPP) basis. The Japanese standard of living is slightly lower than the U.S. standard of living measured on a nominal per capita/GDP basis and even lower when measured on a PPP per capita/GDP basis.