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Re:Re:Re:Module 2 Dq 1 Essay

657 words - 3 pages

Country Economic Analysis Report

I have compared the United States to China. I have learned that almost everything compared the United States is higher rated then China. Some area there is a big difference and in others there is only a smaller difference.
The GDP for the United States was estimated at 16.72 trillion in 2013, 16.47 trillion in 2012 and 16.02 trillion in 2011. The per capita GDP was estimated in 2013 at 62,800. The GDP growth rate was estimated at 1.6% in 2013, 2.8% in 2012 and 1.8% in 2011.The GDP composition by sector was estimated in 2013 for agriculture at 1.1%, industry at 19.5% and services at 79.4%. The labor force was 155.4 million. Labor force by occupation was listed as forestry, fishing and farming at 0.7%, manufacturing, extraction, transportation and crafts at 20.3%, managerial, professional and technical at 37.3%, sales and office at 24.2% and other services at 17.6%.The ...view middle of the document...

6%.
When comparing the two countries China has a higher farming and agriculture rate. Also China has a lower unemployment rate. In most other areas like the per capita the United States out beat by a large marginal. China may have less GDP but their services and people working is much higher than the United States.
I would say China has a very good overall well-being. They score low in some areas but they are hard workers and have a much lower unemployment rate which means more people are willing to work and work harder. China uses most of their own products so that could be why their GDP is so low. They use the products instead of turning a profit on all.
China has more creative and smarter people in their country verses Americans. Chinese people have a better chance winning something against the Americans because they have more creative minds. The Americans have better schooling then the Chinese. If you were to give a American five year old and a Chinese five year old the same test the Americans would most likely win because of the better schooling in America. The Americans have 4.35 military protection and the Chinese have 1.99 military protection.
China became the world’s largest exporter in 2010. They have reformed to gain economic security in the exporting business. China not only exports agriculture but now have moved into doing stock and trades and increased autonomy for state enterprises. They work with many countries including the United States.
The United States have the largest and most technologically powerful economy in the world. The United States just in agriculture alone manufactures wheat, corn, other grains, fruits vegetables, cotton, beef, poultry, dairy products, and fish and forestry products. Unlike China who produces rice, wheat, potatoes, corn, peanuts, tea, millet, barley, apples, cotton, oil seed, pork and fish. China is the world leader in gross value of industrial output.
The United States has a much higher spending than China. The United States spends a lot more than they bring in.

References
1. http://hdr.undp.org/en
2. https://www.cia.gov/library/publications/the-world-factbook/

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