Poll: Americans Think China has the World’s Largest Economy

This passage caught my attention:

Asked which nation now has the world’s strongest economy, just 20 percent picked the United States. More than twice as many (47 percent) picked China. Eleven percent chose Japan. White working-class voters—the group that turned most sharply against the Democrats in November—were the most pessimistic: Just one in seven of them placed the U.S. atop the list; half named China. But the pessimism was widespread. Almost half of both college-educated whites and minority adults also tabbed China as No. 1. Americans who consider themselves politically independent were especially downbeat (53 percent went with China), but both Republicans and Democrats were also twice as likely to name China as the U.S.

Few economists would second that judgment. China this year became the world’s second-largest economy, but the U.S. gross domestic product remains more than two and a half times bigger than China’s, according to the International Monetary Fund. On a per capita basis, the advantage is nearly 11-to-1. China’s economy has grown much faster than the U.S. for years, however, and Beijing has amassed an enormous surplus in its international accounts while accumulating huge amounts of U.S. government debt.

Posted by on December 8th, 2010 at 12:24 pm

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