Explore BrainMass

GDP Comparisons

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

Why is the USA's GDP so much higher than that of Mexico's? Would the same reasons apply when we compare the USA's GDP to Canada's GDP?

© BrainMass Inc. brainmass.com October 25, 2018, 7:30 am ad1c9bdddf

Solution Preview

When we compare the GDP between the U.S. and another country or between any two countries, we have to take several factors into account. The U.S. has more workers than Mexico, so it would be expected that the GDP is higher in the U.S. More workers means being able to produce more. Also, the U.S. has workers that are more skilled and have a greater degree of specialized ...

Solution Summary

This solution explains why the USA GDP is so much higher than that of Mexico's and if the same reasons would apply when we compare the USA's GDP to Canada's GDP.

See Also This Related BrainMass Solution

Compare and contrast GDP forecasts

This is part of a paper I'm doing on six different economic indicators, I just need help with the Real GDP part.

1.Compare and contrast the two different forecasts for REAL GDP (attached)

2. Include a reconciliation of the differences between the forecasts and a rationalization for which forecasts you believe are most accurate.

3. Please provide reasoning, and references if any used.

View Full Posting Details