USA is said to be the richest nation in the world. It is also said to be the biggest?

Question

debtor nation in the world. How can that be, being the richest and the biggest debtor nation in the world? Please enlighten me.

Answer 1

It means we have a great capacity to do business, and we also have those who are willing to steal our future.

Answer 2

Richest - relies upon on the way you degree it. it would say that for the period of terms of person-friendly high quality of existence, the richest usa could be Brunei. terrific - there's no thank you to make this call. maximum individuals are going to declare despite usa they are from is the "terrific" maximum useful - what's that this even propose besides? maximum in a position to triumph over up somebody else? appropriate financial skill?

Answer 3

The U.S. splits it's money between the government and the domestic economy. The government is the largest debter in the world, but supposably that advertised debt is only 4% of the domestic economy. Also the U.S. runs a huge trade deficit around the world.

Answer 4

Its one of the richest, but you breakdown income and the GINI index approaching 50, the upper half live better than Western Europe, and the lower half of the income scale live a little worse off than rest of Western Europe. Still, the vast majority of workers in America live better off than Europe in General, housing, food, transprotation is cheaper than Western Europe. Yet, America income range in certian counties is $5000 a year to $110,000 a year. In western Europe the income range is a lot narrow, but most people live in small homes, cars, and have less materials goods in Western Europe than the USA. IF your in the top half of the income range USA the best to live in the world if your in the bottom 10% of income area in the Untied States your morality, life expetendcy is similar to poorer countires. Empircally by number USA is wealthest, but I may not have the best quality of life ethier its subject between USA and Western Europe, after a countries makes 25,000k year people arent straving

Answer 5

Simply put, we spend more money than we make. To make up for this, we borrow. So we owe. Companies manufacture their goods in foreign countries because it costs less (lower wages, lower safety standards, no benefits, etc) and they can maximize profits. So America gets bit twice. We pay the high price for the item and we lost the manufacturing job when it moved to wherever.

Answer 6

what you say is true, the U,S, has got the habit of being the daddy of every scam or B,S, anyone wants to pull on them such as Israel demanding the U,S, pay them 11 billion dollars per year for the do called holocaust fund, plus several billion in military hardware, why do we do this ???? or aid to Egypt, Africa, the U,N, we spend billion on welfare for the useless who are to sorry to work, there are so many instances it would take a book for it all.

Answer 7

It means that america has the biggest GDP in the world but we also borrow alot of money to pay for new technologys and pay for our defense.

Answer 8

Because most of the money we spend (and it is in the trillions) is borrowed from countries that buy our bonds, etc. Tax money, per se, hardly pays for our spending habits.

Answer 9

its actually not switzerland is in fact the richest country in the world

Answer 10

USA is only the largest in military and debt

definetly not richest

where ever u herd that its wrong