1. Below is a partial table of the OECDs 2004 ranking of member countries based on their...
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1. Below is a partial table of the OECD’s 2004 ranking of member countries based on their GDP per capita. Compute the ratio of GNI to GDP in each case. What does this imply about net factor income from abroad in each country?
Compute the GNI rankings of these countries.
Are there any major differences between the GDP and GNI rankings? What do these differences imply? Indicate?
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