Economic Environment USA vs. China

Economic Environment USA Vs. China
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1.0 Introduction
The economic environment in the United States and China countries has gained significant importance for analysis and debate. The comparative analysis of both economies in this paper reflects the shifting dynamics while exploring factors such as GDP and the emergence of BRICS. The major aspect addressed in the paper is the transformation of power structures across the globe because China’s economy has faced challenges with the dominant position of the U.S. The implications of the power shift have been analysed in the paper to predict the economic environment for the economies.
2.0 Discussion on Economic Measures
The economic measures discussed in this report include gross domestic product, purchasing power parity, and market exchange rate. These measures analyse the economic situation of two comparative economies.
2.1 Gross Domestic Product
The U.S., the dominant economy globally, boasts the largest nominal GDP. This is so because the diversified and advanced economy includes industries from technology to manufacturing (Bergsten, 2022). On the other hand, China has reflected its growth over the past few years. This is