Which Country Is First In Economy? Rank Country GDP (Nominal) (billions of $) 1United States 20,807.27 2 China 15,222.16 3 Japan 4,910.58 4 Germany 3,780.55 Which country is first in economy 2020? Code Country/Economy GDP (Nominal) (billions of $) Rank World USAUnited States 1 CHN China 2 Who is the first economy in the world?
Why Is The Government Debt-to-GDP Percentage A Valuable Measurement? By comparing what a country owes with what it produces, the debt-to-GDP ratio reliably indicates that particular country’s ability to pay back its debts. Often expressed as a percentage, this ratio can also be interpreted as the number of years needed to pay back debt if
What Is One Of The Major Problems Caused By A High National Debt? Lower national savings and income. Higher interest payments, leading to large tax hikes and spending cuts. Decreased ability to respond to problems. Greater risk of a fiscal crisis. What is the first major problem caused by a large national debt? What is