Go the Web site containing the Penn World Table and collect data on real GDP per capita (chained series) for 19770 for all available countries. Do the same for a recent year of data, say one year before the most recent year available in the Penn World Table.
After obtaining the data, answer the following questions:
Rank the countries according to GDP per person in 1970. List the countries with the 10 highest levels of GDP per person in 1970. Are there any surprises? Explain your answer.
Rank the countries according to GDP per person in the most recent year for which you collected data. List the countries with the 10 highest levels of GDP per person. Has the composition of the 10 richest countries changed since 1970? Explain your answer.
For each of the 10 countries you collected data for, divide the recent level of GDP per capital by the level in 1970. Which of these countries has had the greatest proportional increase in GDP per capital since 1970?