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Appendix: The 35 Largest National Economies<br />

The table below lists the 35 largest national economies for the year 2013, measured by<br />

purchasing power parity. The information is from the “CIA World Factbook”.<br />

35 Largest National Economies - 2013<br />

Nation Gross Domestic Product (GDP) per capita GDP<br />

United States $16,720 billion $52,800<br />

China 13,390 billion 9,800<br />

India 4,990 billion 4,000<br />

Japan 4,729 billion 37,100<br />

Germany 3,227 billion 39,500<br />

Russia 2,553 billion 18,100<br />

Brazil 2,416 billion 12,100<br />

United Kingdom 2,387 billion 37,300<br />

France 2,276 billion 35,700<br />

Mexico 1,845 billion 15,600<br />

Italy 1,805 billion 29,600<br />

South Korea 1,666 billion 33,200<br />

Canada 1,518 billion 43,100<br />

Spain 1,389 billion 30,100<br />

Indonesia 1,285 billion 5,200<br />

Turkey 1,167 billion 15,300<br />

Australia 998 billion 43,000<br />

Iran 987 billion 12,800<br />

Saudi Arabia 928 billion 31,300<br />

Taiwan 926 billion 39,600<br />

Poland 814 billion 21,100<br />

Argentina 771 billion 18,600<br />

Netherlands 700 billion 43,300<br />

Thailand 673 billion 9,900<br />

South Africa 596 billion 11,500<br />

Pakistan 574 billion 3,100<br />

Egypt 551 billion 6,600<br />

Colombia 527 billion 11,100<br />

Malaysia 525 billion 17,500<br />

Nigeria 479 billion 2,800<br />

Philippines 454 billion 4,700<br />

Belgium 422 billion 37,800<br />

Venezuela 407 billion 13,600<br />

Sweden 394 billion 40,900<br />

Hong Kong 381 billion 52,700<br />

Appendix: Be Careful What You Think You Know<br />

Mark Twain is credited with saying, “It ain't what you don't know that gets you into trouble. It's<br />

what you know for sure that just ain't so.” One of the challenges in teaching principles of<br />

economics is that students often arrive at their first economics course with their minds already<br />

filled with economic misinformation.<br />

FOR REVIEW ONLY - NOT FOR DISTRIBUTION<br />

Take the short test on the next page. Each of the statements is true or false. The correct answers<br />

and brief explanations are provided at the end of the study guide material on page Intro-10.<br />

Intro - 5<br />

A Brief History of U.S. Economic Growth

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