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?

GDP GNI per Person per Person 1 Luxembourg $64,843 $53,299 2 Norway $41,880 $42,062 3 United States $39,660 $39,590 4 Ireland $36,536 $31,151 5 Switzerland $34,740 $37,638 6 Netherlands $33,571 $34,527 7 Iceland $33,271 $31,897 8 Austria $33,235 $32,843 9 Australia $32,643 $31,462 10 Canada $32,413 $31,751 11 Denmark $32,335 $32,232 12 Belgium $31,985 $31,675 13 United Kingdom $31,780 $32,470 14 Sweden $31,072 $31,007 15 Germany $29,916 $28,732 16 Finland $29,833 $30,361 17 Japan $29,173 $29,739 18 France $29,006 $29,287 19 Italy $27,744 $27,586 20 Greece $27,691 $27,412 21 Spain $26,018 $25,672 22 New Zealand $24,834 $23,205 23 Slovenia $21,527 $21,268 24 Korea $20,723 $20,771 25 Czech Republic $19,426 $18,314 26 Portugal $19,324 $19,029 27 Hungary $16,519 $15,548 28 Slovak Republic $14,651 $14,708 29 Poland $13,089 $12,511 30 Mexico $10,145 $9,989 31 Turkey $7,212 $7,186