Economics of Macro Issues 7th Edition by Roger LeRoy Miller,Daniel Benjamin

Exercise 4

Go to a source such as the CIA World Factbook or the World Bank and collect per capita income and population data for each of the nations listed in Table 1-1. Compare the average per capita income of the common law nations with the average per capita income of the civil law countries. Based on the discussion in this chapter, identify at least two other factors that you think are important to take into account when assessing whether the differences you observe are likely due to the systems of the countries.