1 2 3 34567 4 5 6 8 9 Nominal per capita Luxembourg Norway Qatar Switzerland Denmark Australia United Arab Emirates Sweden Netherlands 10 USA 24 New Zealand 183 Burundi US$ 108,952 1 84,144 2 74,901 3 67,779 4 57,884 5 55,986 6 55.672 7 49,183 8 46,986 9 46,860 10 32,163 180 PPP per capita Qatar Luxembourg Singapore Norway Brunei United Arab Emirates USA Switzerland Netherlands Australia 33 New Zealand 183 Congo US$ 88,222 81,466 56,694 51,959 48,333 47.439 46,860 41,950 40,973 39,764 27,130 329
1 2 3 34567 4 5 6 8 9 Nominal per capita Luxembourg Norway Qatar Switzerland Denmark Australia United Arab Emirates Sweden Netherlands 10 USA 24 New Zealand 183 Burundi US$ 108,952 1 84,144 2 74,901 3 67,779 4 57,884 5 55,986 6 55.672 7 49,183 8 46,986 9 46,860 10 32,163 180 PPP per capita Qatar Luxembourg Singapore Norway Brunei United Arab Emirates USA Switzerland Netherlands Australia 33 New Zealand 183 Congo US$ 88,222 81,466 56,694 51,959 48,333 47.439 46,860 41,950 40,973 39,764 27,130 329
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
From this data, we should expect internationally traded commodities to be more expensive in Norway than in the USA. is it true or false
Transcribed Image Text:1
2
2341060IN
3
5
6
Nominal per capita
Luxembourg
Norway
Qatar
Switzerland
Denmark
Australia
United Arab Emirates
Sweden
Netherlands
7
8
9
10
USA
24 New Zealand
183 Burundi
US$
108,952 1
84,144 2
74,901
67,779
23
3
4
57,884 5
55,986 6
55.672 7
PPP per capita
Qatar
Luxembourg
Singapore
Norway
Brunei
United Arab Emirates
USA
49,183 8
Switzerland
46,986 9
Netherlands
46,860 10
Australia
32,163 33 New Zealand
180
183 Congo
Source: International Monetary Fund, World Economic Outlook Database
US$
88,222
81,466
56,694
51,959
48,333
47.439
46,860
41,950
40,973
39,764
27,130
329
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