Economics 14/e   McConnell
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Chapter 2 Web-Based Questions

2-19 Web-based Question  

Different Geographical Areas and Outputs—Japan and the United States Compared to the United States Japan has 4 percent of the geographical area (slightly smaller than California) and 47 percent of the population (1996 estimates). Other things equal Japan should have far less than 47 percent of the U.S. output. Visit the OECD (Organization for Economic Cooperation and Development) http://www.oecd. org/std/gdp.htm and calculate the ratio of Japan’s gross domestic product (a measure of national output) to the gross domestic product of the United States. Is the ratio above or below 47 percent? What might explain this difference?

2-20 Web-based Question  

Increasing Productivity in Hong Kong The Hong Kong Productivity Council http://hkpcms.hkpc.org/ was established in 1967 to promote increased productivity. Its mission is "to achieve a more effective utilization of available resources and to enhance the value-added content of products and services. The aim is to increase efficiency and competitiveness thereby contributing to raising the standard of living of people in Hong Kong." How does the Council define productivity and how does it try to increase it?

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