2006-08-11 07:51:24 · 7 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Our government is in debt, but the private citizens who live in the U.S. are what makes it the richest country in the world. Not to mention all of the private companies. So our gross domestic product -- or the output of all of the people and industry -- is the highest in the world, even though our government remains in debt. Go to the US Census web site for some more stats.
2006-08-11 07:56:04 · answer #1 · answered by wcivils 3 · 0⤊ 0⤋
Assets minus liabilities = net worth. Think about how much all the stuff in the U.S. is worth - everything. If you subtract the debt, the number is still huge.
In reality, the "richest country on Earth" label probably is derived from our GDP and productivity figures. We have the worlds largest economy and our per capita income figures are very high. This is probably why we are considered the richest country.
2006-08-11 07:56:22 · answer #2 · answered by Mr. Knowitall 3 · 0⤊ 0⤋
Government is in debt! The people are what make it the richest country on Earth!
2006-08-11 07:57:01 · answer #3 · answered by jamie s 3 · 0⤊ 0⤋
The present Government has spent all your tax money on helping the US oIL companies
Under Clinton there was a surplus
2006-08-11 07:59:31 · answer #4 · answered by nonconformiststraightguy 6 · 0⤊ 0⤋
Because the bleeding hearts want to give all of our money away to less fortunate countries, feed the world, heal the sick, educate the masses. Would anyone help us if we needed it?
2006-08-11 07:58:45 · answer #5 · answered by Barry M 3 · 0⤊ 0⤋
Even while the U.S. has yet to pay off loans, we're still richer than the countries we owe. I wonder if we're just paying the minimum balances. Good question.
2006-08-11 08:00:42 · answer #6 · answered by Ann 3 · 0⤊ 0⤋
we are not the richest country we are one of the richest and the reason why is because of the ecomony.
2006-08-11 14:33:24 · answer #7 · answered by can u c me ? 1 · 0⤊ 0⤋