Global ranking of GDP per capita: Refer to
List of countries by GDP (PPP) per capita - Wikipedia
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Many, (I would suppose most) economists believe a greater GDP per capita indicates a comparatively higher standard of living. I'm unaware of any economist contending a lesser GDP per capita is not indicative of comparatively lower living standards.
[Within the discussion thread, "Credible economists do not refute annual trade deficits detrimental affects upon their nation's GDP", a member responded with a link to:
Impacts of imports on US Economic Growth - Premium Assignment Help .
For yet unrevealed reasons, that discussion thread has been closed.]
Is it possibles that a trade policy that promotes USA's chronic great annual trade deficits, to also positively contribute to our nation's economic well being? It's illogical to contend USA's trade deficits, which reduce our annual GDPs more than otherwise, are net beneficial to our nation's economy.
What logical reason would lead to concluding if our nation would strive to produce less goods and service products, but rather increase our purchases of imports, that would be to our economic improvement? Respectfully, Supposn
List of countries by GDP (PPP) per capita - Wikipedia
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Many, (I would suppose most) economists believe a greater GDP per capita indicates a comparatively higher standard of living. I'm unaware of any economist contending a lesser GDP per capita is not indicative of comparatively lower living standards.
[Within the discussion thread, "Credible economists do not refute annual trade deficits detrimental affects upon their nation's GDP", a member responded with a link to:
Impacts of imports on US Economic Growth - Premium Assignment Help .
For yet unrevealed reasons, that discussion thread has been closed.]
Is it possibles that a trade policy that promotes USA's chronic great annual trade deficits, to also positively contribute to our nation's economic well being? It's illogical to contend USA's trade deficits, which reduce our annual GDPs more than otherwise, are net beneficial to our nation's economy.
What logical reason would lead to concluding if our nation would strive to produce less goods and service products, but rather increase our purchases of imports, that would be to our economic improvement? Respectfully, Supposn