As China’s rise continues, it has been alternatively cast as a peer, a competitor and rival, or as a potential antagonist of the United States. But to what extent is China fully comparable to the United States yet? Specifically, in what respect is China 2% greater than the United States?
With every new economic milestone reached by China, other countries are becoming increasingly nervous about China’s economic rise. India is also on track to attain a much more significant role in the global economy. We wonder: What share of world GDP did China and India account for two centuries ago – back in 1820?
Ever since 2009, China has been the world’s largest exporter. Its total exports are equal to just under 20% of its economy. We wonder: Which of the following major economies is closest to China’s level on a percentage basis?
On July 7 and 8, world leaders will gather in Hamburg, Germany, for this year’s “Group of 20” (G20) summit. Their task is to find points of agreement on complex global issues that cannot be solved without cooperation between countries. We wonder: Which of the following statements are true about the G20 countries collectively?
A. They represent more than 20% of the world’s countries.
B. They account for more than 60% of the world population.
C. They produce more than 80% of the world’s GDP.
D. They release more than 80% of CO2 emissions. Continue reading →
California is not only the most populous U.S. state, but also has the largest economy of any of the 50 U.S. states. We wonder: How many countries around the world, excluding the United States itself, have a GDP larger than the size of California’s economy?
The G7 group of nations includes the United States, Japan, Germany, UK, France, Italy and Canada. It was originally set up to promote coordination of the global economy. With four of seven members, European nations have always been overrepresented in the G7. We wonder: Which European member of the G7 is the only one that will remain among the top ten economies in the world in 2050?
On June 25, 1950, North and South Korea went to war with each other. This ended in stalemate three years and one month later with an armistice that continues to present. Since then, the two countries have pursued very different paths. We wonder: How big is South Korea’s economy compared to that of its northern rival?
A. Half as large
B. Two times larger
C. Four times larger
D. Over 40 times larger
China has long been the world’s largest nation in terms of population. But only since undertaking radical economic reforms in the late 1970s did the country’s economy begin to prosper again. We wonder: When will China overtake the United States as the world’s largest economy?
A. It already has.
B. It will by 2028.
C. It will by 2050.
D. Probably not in this century.