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The United States economy is (as measured in GDP per capita) is _________ when compared to the Chinese and Indian economies. Group of answer choices

User Dhke
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Answer:

The United States economy is (as measured in GDP per capita) larger when compared to the Chinese and Indian economies.

Step-by-step explanation:

Due to number of people living in China, which has a population more than 4 times that of the United States, the difference between these two countries is very high in terms of per capita income (GDP per capita in China is $8827). It is the same situation with India. The per capita income in the United States is much higher. Where India and China gain on the United States is in potential for future growth. The GDP per capita in the United States is already very high by world standards ($62 641) and probably will not change to the same extent as it will in China and India who have a great potential for growth in the average wage (India's per capita GDP is $1940 by 2017 figures). There is potential in the consumer buying power in both these countries because their GDP per capita are still low by world standards and they both are countries with very large populations.

User Haseeb
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