Eco 105 Assignment 3 Use data.worldbank.org and wid. world for the following exercises. 1. Comparing output a. Describe the difference between real GDP and real GDP PPP (current international $). b. Rank the following countries based on their GDP PPP from the most recent available year in descending order: United States, Germany, China, India, Indonesia, Norway, Mexico, Nigeria, Egypt c. What stands out to you from your rankings? 2. Output per capita a. Describe the difference between real GDP PPP and real GDP per capita PPP (current international $). b. Rank the same countries based on GDP per capita PPP from the most recent available year in descending order. c. Compare the rankings to rankings from 1c and explain the differences. 3. Gini coefficient a. What is the Gini index? What does it measure? b. Rank the Gini index for the same countries for the most recent available year. c. What might explain the different levels of inequality among the high-income countries and the low-income countries? Who are the