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.Discuss the United States ranking in the world among high-income countries and the reasons for that...

.Discuss the United States ranking in the world among high-income countries and the reasons for that ranking

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Answer: The United States ranking in the world among high income countries as per 2019 data shows that it is one of the high ranked country with the GDP of 24671. The high income country involved the USA as there are high income tax rate, the increased healthcare insurance premiums as well as the business. USA is supported by large as well as small industries which influences the growth rate of the states. The income of the people varies according to their jobs and position. People tends to spend more on food industry as well as the healthcare industry.

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