Refer to the table in Question 1 of the end-of-chapter questions.

The table shows that economic performance depends on which empirical measure we choose. Consider the United Kingdom and Australia. Based on each country’s experience with GNI and GDP, which one is more like Ireland? What does this imply about production by each country’s factors of production?

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1 68L9SA WNT 2 3 4 5 7 10 01 11 12 13 14 15 16 17 18 19 20 สสสสส 8688 21 22 23 24 25 26 27 28 29 30 31 Luxembourg Norway Switzerland Australia Denmark Sweden United States Ireland Netherlands Austria Canada Finland Germany Belgium United Kingdom New Zealand France Israel Japan Italy Spain South Korea Slovenia Portugal Greece Czech Republic Estonia Poland Hungary Turkey Mexico GDP per Person $116,613 $97,300 $85,617 $61,980 $60,718 $58,899 $54,630 $54,339 $52,138 $51,122 $50,231 $49,842 $47,774 $47,328 $46,297 $44,342 $42,726 $37,206 $36,194 $35,223 $29,721 $27,971 $24,002 $22,124 $21,673 $19,502 $20,147 $14,082 $14,027 $10,515 $10,325 GNI per Person $75,960 $103,620 $84,720 $64,600 $61,330 $61,570 $55,230 $46,520 $51,630 $49,600 $51,630 $48,440 $47,590 $47,240 $43,390 $41,070 $42,950 $35,320 $42,000 $29,390 $29,390 $27,090 $23,580 $21,360 $22,810 $18,350 $19,010 $13,680 $13,340 $10,830 $9,870