Which are the two biggest national economies on earth


Problem

1. Which are the two biggest national economies on earth? Why are they so much bigger than the others?

2. What is meant by a "factor of production"? Have you ever sold any on a market?

3. Why do you think per capita income in Connecticut is nearly double that in West Virginia?

4. Roughly speaking, what fraction of U.S. labor works in factories? In service businesses? In government?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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