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Why does the US have the worlds largest economy?

Updated: 8/17/2019
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15y ago

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Yes. Japan is 2nd and China is 3rd

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Q: Why does the US have the worlds largest economy?
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Related questions

Which country has the worlds second largest economy?

The US has the second largest economy in the world, as the European Union has the largest economy, although not a nation. Out of countries, China has the second largest economy.


Is Japan the largest economy?

No, the US is the worlds largest economy measured by one country. While the European Union is now larger than the US economy it consists of many different individual countries. If you count the European Union as one economy it would rank first with the US second and Japan third.


What is the worlds third largest economy?

The world's third largest economy would be the United States. (1st is the world, 2nd is the EU)


What country is quickly becoming the worlds largest country?

If you mean the world's largest economy - it's China.


Is the US the worlds largest importer and exporter?

The US is the largest importer China is the largest exporter then Germany then the US


What is Europe's largest economy?

The European Union, which also has the largest economy in the world, at about US$16 trillion. However, Germany is the country with the largest economy, at about US$3 trillion.


Why is it important to learn Chinese?

The Chinese have the worlds largest economy and it's still growing.


What is the US's economy like today?

The United States economy is the largest national economy in the world. It is the 11th largest.


What is Europe's economy?

The European Union, which also has the largest economy in the world, at about US$16 trillion. However, Germany is the country with the largest economy, at about US$3 trillion.


What is the largest sector in the US economy?

service


Brazil has the worlds what economy?

The economy of Brazil is the world's seventh largest and eighth largest by purchasing power parity. Brazil has moderately free markets and an inward-oriented economy. Its economy is the largest in Latin American nations and the second largest in the western hemisphere. Brazil is one of the fastest-growing major economies in the world with an average annual growth rate of over 5 percent.


Do United States have good economy?

Yes the US has the world's second largest economy at $14.5 trillion. (the European Union has about $16.5 trillion) However the US has the largest economy of any nation, since the EU is not a nation.