EBK MICROECONOMICS
21st Edition
ISBN: 8220103960151
Author: McConnell
Publisher: YUZU
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Chapter 3.A, Problem 1AP
Subpart (a):
To determine
Demand and supply.
Subpart (b):
To determine
Demand and supply.
Subparts (c):
To determine
Demand and supply.
Subpart (d):
To determine
Demand and supply.
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5. Download the Excel sheet from Brightspace. The data contains the GDP per capita and GNI
per capita of OECD member countries in 2014 (both figures are reported in US dollars). The
countries are ranked by GDP per capita.
a. Compute the ratio of GNI to GDP for each country (GNI per capita/GDP per capita). What
does this imply about net factor income from abroad for each country?
b. Rank the countries based on the GNI/GDP ratio, starting with the country with the highest
ratio and ending with the country with the lowest ratio. Which country has the highest ratio,
and which has the lowest?
c. Comment on why the countries you identified in the previous question have a large
difference between GDP and GNI? What does the difference imply?
Chapter 3 Solutions
EBK MICROECONOMICS
Ch. 3.6 - Prob. 1QQCh. 3.6 - Prob. 2QQCh. 3.6 - Prob. 3QQCh. 3.6 - Prob. 4QQCh. 3.A - Prob. 1ADQCh. 3.A - Prob. 2ADQCh. 3.A - Prob. 3ADQCh. 3.A - Prob. 4ADQCh. 3.A - Prob. 5ADQCh. 3.A - Prob. 6ADQ
Ch. 3.A - Prob. 7ADQCh. 3.A - Prob. 1ARQCh. 3.A - Prob. 2ARQCh. 3.A - Prob. 3ARQCh. 3.A - Prob. 4ARQCh. 3.A - Prob. 5ARQCh. 3.A - Prob. 6ARQCh. 3.A - Prob. 1APCh. 3.A - Prob. 2APCh. 3.A - Prob. 3APCh. 3 - Prob. 1DQCh. 3 - Prob. 2DQCh. 3 - Prob. 3DQCh. 3 - Prob. 4DQCh. 3 - Prob. 5DQCh. 3 - Prob. 6DQCh. 3 - Prob. 7DQCh. 3 - Prob. 8DQCh. 3 - Prob. 1RQCh. 3 - Prob. 2RQCh. 3 - Prob. 3RQCh. 3 - Prob. 4RQCh. 3 - Prob. 5RQCh. 3 - Prob. 6RQCh. 3 - Prob. 7RQCh. 3 - Prob. 8RQCh. 3 - Prob. 9RQCh. 3 - Prob. 1PCh. 3 - Prob. 2PCh. 3 - Prob. 3PCh. 3 - Prob. 4PCh. 3 - Prob. 5PCh. 3 - Prob. 6PCh. 3 - Prob. 7P
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