How is the productivity of the United States compared to other countries in the world? Are...

How is the productivity of the United States compared to other countries in the world? Are we still a leader in productivity?

Expert Solution

1) Since the end of World War 2, the United States has had the strongest economy in the world. America controls the top spot in the ranking of Gross Domestic Product (GDP) or the sum value of goods and services in a country. In second place, you'll find China, then japan, Germany and India. Rounding out the top 10 are the United kingdom, France, Itlay, Brazil and Canada. Russia and South Korea just miss out on a ranking in the top 10. The United States ranks fifth, according to the OECD, contributing $68.30 to the country's GDP per hour worked, countering claims that Americans are the most productive workers in the world

For several years, there have been plenty of reports that contend that China has surpassed, or is poised to pass, the United States for the top stop. From 2003 through 2018, the United States held the top spot in world rankings, and London finds that we'll probably keep the distinction of having the strongest economy in 2023 and 2028. But by 2033, china will likely overtake the United States as having thr biggest market in the world.

Rahul Sunny answered 2 years ago

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