Economics Question:

Norway is one of the world's most developed nations and is home to one of the most advanced economies in the world. The country's overall GDP is quite large considering the nation's small population. Its GDP per capita is higher than that of the United States, ranked second in both nominal and PPP figures.

Its GDP figures in 2005 were as follows:

1) Nominal GDP: $296 billion (25th rank)

2) GDP PPP was $195 billion (42nd rank)

3) Nominal GDP per capita: $64,000 (2nd rank)

4) GDP PPP per capita: $42,000 (2nd rank)