Read the passage and answer the question: Japan has very few natural resources and imports most of its raw materials. Even then it progressed rapidly after the end of the Second World War. Japan became a member of the Organisation for Economic Cooperation and Development (OECD) in 1964. In 2017, it is the third largest economy in the world. It is the only Asian member of the G-7. It is the eleventh most populous nation in the world. Japan is the only nation that suffered the destruction caused by nuclear bombs. It is the second largest contributor to the regular budget of the UN, contributing almost 10 per cent of the total. Japan has a security alliance with the US since 1951. |
Which of the following is the largest economy in the world? |
United Kingdom United States of America China Japan |
United States of America |
The correct answer is Option 2 - United States of America United States of America is the largest economy in the world. China is projected to overtake the US as the world’s largest economy by 2040. |