32,000 Britain Japan 16,000 Italy China India 8,000 4,000 2,000 1,000 500 250 1000 1200 1400 1600 1800 2000 Year GDP per capita (1990 $ PPP) .. 30,000 Britain Japan Italy 25,000 China India 20,000 15,000 10,000 5,000 1000 1200 1400 1600 1800 2000 Year GDP per capita

32,000 Britain Japan 16,000 Italy China India 8,000 4,000 2,000 1,000 500 250 1000 1200 1400 1600 1800 2000 Year GDP per capita (1990 $ PPP) .. 30,000 Britain Japan Italy 25,000 China India 20,000 15,000 10,000 5,000 1000 1200 1400 1600 1800 2000 Year GDP per capita

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Comment briefly on the advantages and disadvantages of a “ratio scale”.
Your answer should focus primarily on what you can learn from the two different versions of the chart.

32,000
Britain
Japan
16,000
Italy
China
India
8,000
4,000
2,000
1,000
500
250
1000
1200
1400
1600
1800
2000
Year
GDP per capita (1990 $ PPP)
..

30,000
Britain
Japan
Italy
25,000
China
India
20,000
15,000
10,000
5,000
1000
1200
1400
1600
1800
2000
Year
GDP per capita

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