Wednesday 25 July 2012

With U.S. GDP of $15T, Many Large Metro Areas Have Larger Economies Than Entire Countries

From the WSJ:

Inside the $15 trillion machine that is U.S. economy are dozens of metropolitan economies, from New York to Honolulu, that are the real pistons and gears of U.S. growth and prosperity. So how do those individual economies stack up against the world?

Take the quiz below, and for answers see this chart.

1. New York has the highest Gross Metropolitan Product (GMP) of any U.S. metropolitan area — $1.287 trillion. That is bigger than the GDP of all but how many countries (not including the U.S.)?
a) 5
b) 8
c) 10
d) 12 

2. Houston’s GMP is larger than which of the following nations’ GDP?
a) South Africa
b) Venezuela
c) Finland
d) All of the above

3. The implications of Greece’s financial troubles appear woefully larger than its tiny economy. With a $300 billion GDP, what U.S. metro economy is that closest to?
a) Chicago
b) Philadelphia
c) Atlanta
d) Miami

4. Ireland’s GDP is smaller than which of the following U.S. cities’ GMPs?
a) Seattle
b) Minneapolis
c) Detroit
d) None of the above

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