The US economy is 33% larger than the EU economy. The population of the US is approx 345 million. The EU's population is approximately 450 million----23% larger than the US.
Calculate GDP per person for each geographic area
Calculate US State GSP (Gross State Product) and Individual Country GDP
Make comparisons.
Questions: What do these calculations say about distribution of that "product"? Does it matter?
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Link to US Economy. Link to EU Economy |