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db62952

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Posted: Wed Dec 08, 2010 4:01 pm

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Posted: Sat Dec 11, 2010 6:17 pm

db62952

Has eneyone noticed that china has a better economey? im only 13 so i may be wrong but ive been wondering if its because chinas more controing of their people. I kinda think that it is .

They have a better economy over there, but they are still struggling as the U.S. Economy is bad and we are their primary buyers. If we don't buy their stuff then their economy goes down then the chain starts on the rest of the world. The U.S. is the only economic superpower in the wold so if we go down, the world goes down (economy wise) If you want to talk war though, the u.s. is still number 1 but bith the U.S. are military super powers as of last year or 2 years ago (i forget now)

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SeymourHiney

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Posted: Mon Feb 21, 2011 8:25 pm

Epcot Illuminations

db62952

Has eneyone noticed that china has a better economey? im only 13 so i may be wrong but ive been wondering if its because chinas more controing of their people. I kinda think that it is .

They have a better economy over there, but they are still struggling as the U.S. Economy is bad and we are their primary buyers. If we don't buy their stuff then their economy goes down then the chain starts on the rest of the world. The U.S. is the only economic superpower in the wold so if we go down, the world goes down (economy wise) If you want to talk war though, the u.s. is still number 1 but bith the U.S. are military super powers as of last year or 2 years ago (i forget now)

3nodding

Posted: Fri Mar 18, 2011 4:01 pm

"Do you remember the letter that granny wrote me?
You do? You remember how I ended it?...

Wait, what? I'll forgive you for the moment, since when the time the second post was written, the US economy was in recovery, but no one knew it. This quarter marks the 4th quarter in a row that GDP (and therefore the economy) has been on the rise. Sure, we're coming out of a trough on the graph, but it's still economic growth.

And then there's China. China is by no means doing better than us. Their GDP is indeed better, but their GDP per capita (per person) is by no means not. Their GDP per capita - that is, their GDP divided by how many people are living there - is only $7,400 according to the CIA World Factbook (China). The US's GDP per capita, on the other hand, ranges all the way up to $47,400 again according the CIA World Factbook (US) - significantly better than China. What this translates to realistically is better living conditions and overall better quality of life the higher GDP per capita is. Essentially. There are countries that break this rule, but they're few and far between. Norway, for example.

TL;DR: China's economy is by far not better than ours.

... 'I cherish the memories of a question my grandson asked me the other day:
'Grandpa were you a hero in the war?' Grandpa said
'No. But I served in a company of heroes.'"

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