Economics Class 16
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U.S. Cities With Bigger Economies Than Entire Countries

U.S. Cities With Bigger Economies Than Entire Countries | Economics Class 16 | Scoop.it
How do the individual economies of U.S. cities stack up against the world? Here’s a few quiz questions that can be answered with our chart of the 50 largest U.S. metro areas.

 

This article shows the economic strength of numerous greater metropolitan regions in the United States.  Even more important than the article is the "Interactive Graphics" which presents the tabular data of the top countries by GDP interlaced with U.S. metro area's GDPs.  Amazingly, 11 metropolitan areas (if they were independent countries) would rank in the top 50 countries of the world based on total GDP.


Via Seth Dixon
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Don Brown Jr's comment, July 29, 2012 5:05 PM
This site does a good job in displaying how large the American economy is in comparison to the rest of the world and it brings to question how many cities around the globe could fit into this chart? However, this also is concerning since our national debt appears to be higher than Chinas GDP.
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Drought impacting Agriculture & Economy

Drought impacting Agriculture & Economy | Economics Class 16 | Scoop.it

"Citing higher cheese prices, Colbert states it plainly:..."

 

Although in America today only about 2% of the workforce is involved in agriculture, crop cultivation is still tightly integrated within our economy affecting a much wider range of people and industries.  According to the US Department of Agriculture we our currently experiencing one of the worst droughts in our nation’s history rivaling the Dust Bowl of the 1930’s. On a national scale, prices in gas, meat, dairy and other products that depend on crops will likely increase. However, since the U.S is a major producer of crops such as wheat and corn, the global economic consequences of this will be felt around the world. How will an increase in food prices effect people in countries were a quarter or more of their income goes towards groceries? How will a decreasing agricultural yield effect economic and political stability around the world?  This is a humorous look at a very serious problem. 


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Roland Trudeau Jr.'s comment, July 30, 2012 11:48 AM
With fuel already a huge issue, now we will have the added costs of water shortage on our hands. It's an unfortunate deal, but cost is always passed on to the consumer. You can see it in many products today, smaller portion yet higher price. It shall be the same with anything in those regions effected by the drought.