Compare the United States and China's Macroeconomic Outlook?
Answer: Various reports released by world's renowned institutions like
World Bank's World Economic prospects Report, World development Report
IMF's World Economic Outlook Report etc.
Such reports help us by presenting various prospects of world's leading economies in terms of PPP, Nominal GDP, Per Capita Income.With the help of outcome of these reports we'll try here to compare US and China's Economic Outlook:
US and China both are top two world's leading economies in terms of Purchasing power parity and in terms of Nominal GDP.
In terms of PPP china is now at top place leading US behind since 2015.In terms of Nominal GDP US is top china is behind it.According to 2018 report China' Nominal GDP $13.37 Trillion lower than US by $7.21 trillion.While talking about Per capita income i.e. Dividing GDP by its population US is though higher place than China but it is not the top place ,according to IMF's report Luxembourg followed by Switzerland have occupied top two places.
Currently when china registered its slowest growth rate i.e. 5.7% in 2019 and 5.8% in 2020 projected according to IMF.While on the other hand US grew by 2.96% to its GDP in 2018.
Talking about numbers:
Nominal GDP:US is $21.44 trillion while China is $14.14 trillion
GDP(PPP):US $21.44 Trillion while China is $27.37 trillion.
Differenc3 in US and China's Economy is shrinking rapidly and according to projection by IMF and world bank China will surpass the US in terms of Nominal GDP by 2030s.
What are the major differences between the United States Healthcare system and China's healthcare system? please provide scholarly references.
What are the three macroeconomic variables in the United States that impact the supply and/or demand of the Apple iPhones. Interpret the trends of the three selected macroeconomic variables for the past three years and evaluate how these trends will likely impact the supply and demand of iPhones as well as the financial performance of Apple.
Identify three macroeconomic variables in the United States that impact the supply and/or demand of the product or service produced by the company you selected for your microeconomic/macroeconomic analysis papers. Interpret the trends of the three selected macroeconomic variables for the past three years and evaluate how these trends will likely impact the supply and demand of your chosen product or service as well as the financial performance of your chosen company. The company that I chose is Procter &...
The story of China and the United States illustrates which of the following concepts? Catch-up Growth for China depended on its own development of new technology. China grew rapidly by creating the technology that later transferred to the United States. The United States' growth rate is lower than China's because the U.S. is engaged in heavy capital accumulation. U.S. creation of new technology did not allow for as much economic growth in the short run as did China's capital accumulation.
Compare and describe briefly the healthcare system of United States and China?
Compare and contrast two ethnomedical systems that exist in the United States.
Compare and contrast the GDP and GNP values of the United States and Canada. GDP and GNP figures are very similar for the United States. Reason for this??? Which one of the two figures would be higher for Canada? Why? Explain?
25) how does the economy of Poland compare with that of the united states? 26) how does the united states rank in the world in terms of life expectancy? 27) who are our principal trading partners? 28) what is the median age in the united states? how this compare to Rwanda 29 what is our ranking in the world for spending on health care? Does the result justify the cost? 30) what is our ranking in the world for infant...
how is the healthcare system financed in the United States and Germany, compare the two
Compare how the cost of the healthcare plan in the united states and Germany are contained.