To the right is a partial table of OECD member countries using data from the World Bank, with the countries ranked according to their GDP per capita in 2014 (these numbers are reported in current U.S. dollars). 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 the GNI rankings? What do these differences imply?

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1 Luxembourg 2 Norway 3 Switzerland 4 Australia 5 Denmark 6 Sweden GDP per Person $116,613 $97,300 $85,617 $61,980 $60,718 $58,899 GNI per Person $75,960 $103,620 $84,720 $64,600 $61,330 $61,570