Answer to Question #104490 in Economics for Ashutosh mishra

Question

throw light on the importance of usa in world economy

Answer 1

The United states have the world's single largest economy, provide almost a quarter of world GDP, accounting one-fifth of global FDI and are export destination for one-fifth countries around the world. Therefore, every change in the US economy, capital and labor markets of the United States will cause congruent changes in world's economy.