Question

In: Economics

what is the population of china and the united state, what is mean gross income of...

what is the population of china and the united state, what is mean gross income of china and the united states ,the gross national product of china and the united states?

Solutions

Expert Solution

For centuries China stood as a leading civilization outpacing the rest of the world in arts and sciencesbut in 19th and 20th centuries the country was beset by civil unrest , major famines, military defeats and foreign occupation.

Britain America colonies broke with the mother country in 1776 and were recognized as the new station of the United States following the treaty of Paris.

New estimates from the U.S census Bureau put China in the lead with 1.34 billion residents, and the United States is a distant with 311.1 million people.

For more than a century, the United States has been the world's biggest economy, accounting for over 24% of the world's gross domestic product accoding to figures from the World Bank. But the change is afoot, as this infographic from the Visual Capitalist shows. Both theIMF and the World Bank now rate China as the world's largest economy based on purchasing power parity, a measure that adjust countries GDPs for differences in prices. Chinas Gross domestic product was $5 trillion.

The Gross National Product of China increased to 742352 while the Gross National Product of United states increased to 17469.21.


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