OK, I'm hearing all this stuff about that we (US) are 4% of world population but we use 25% of the oil. We are the economic powerhouse of the world also, it makes sense that we would use more oil. So I guess my ? is do we produce 25% of global economic wealth?
2006-07-20 14:41:25 · 3 answers · asked by ? 3 in Social Science ➔ Economics
Well, according to the U.S. census bureau the trade deficit is about $63.8 billion dollars. Our imports are: $180 billion dollars. The global economy, or World GDP, is set to grow to 3.2%. The following webpage will give you a good estimate of the World GDP compared to other nations. http://www.photius.com/rankings/economy/gdp_2004_0.html
2006-07-20 16:05:53 · answer #1 · answered by merdenoms 4 · 0⤊ 0⤋
In 2004, the world GDP was $41.3 trillion, the U.S. GDP, $11.7 trillion. So the U.S. seems to account for about 28% of the world's GDP.
2006-07-21 09:24:12 · answer #2 · answered by NC 7 · 0⤊ 0⤋
we're sh!t now thanks to bush..
2006-07-20 14:46:00 · answer #3 · answered by camvett97 2 · 0⤊ 0⤋