Which of the following indicators need to be log-transformed before constructing its index? Life expectancy at birth (LE) Expected years of schooling of children (EYSC Mean years of schooling of adults (MYSA) GNI per-capita
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The United Nations Development Program (UNDP) needs your help!!! The UNDP wants you to empirically explore the strength of the relationship between income per capita and measurement of human development. To answer this question, use the UNDP Data in the fifth worksheet of Problem Set 2 data “Sheet UNDP 2019 data” in the file folder on Canvas. This file contains data from 2019 for 189 countries and comes from the UNDP’s country-level data sets. To calculate the indexes, use the minimum and maximum values for Gross
- Which of the following indicators need to be log-transformed before constructing its index?
- Life expectancy at birth (LE)
- Expected years of schooling of children (EYSC
- Mean years of schooling of adults (MYSA)
- GNI per-capita
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- Using the World Bank data base, (data,worldbank.org) select four economic variables of interest and analyze those variables over the last 20 years for Caricom member countries, Dominican Replublic, Mauritius and Singapore. Examples of these variables are inflation, unemployment, Real GDP Growth, Per Capita Income, Debt to GDP, Fiscal Deficits, etc.Infant Industry protection is a key solution for the growth of industrialization of developing countries. Discuss your answer by using the graph attached and any other graph(s) that you can deem appropriate.Please read the description and identify which region the text is referring to. Historically, this region has suffered from extreme poverty, which continues to this day. Growth has been effectively zero since the 1960s. Problems such as political instability, poor public health, and a lack of effective institutions have all contributed to its stagnation. Until the middle of the last century, these countries were relatively poor. Beginning in the mid 1970s, real GDP per capita growth has averaged 6% per year. The growth was achieved, in part, because of high levels of investment spending in the development of human and physical capital, and rapid technological progress. In the early 1990s, this region was in the middle of substantial social and economic reform. Countries in this region have experienced variable growth rates, depending on their ability to adapt to the modern market economy. In the early 20th century, this region was reasonably prosperous. Since that time, however, growth…
- These data are for illustrative purpose only not in anyway representing Namibia stats in 2019 2019 Population 2,582,598 Male 1,255,688 Female 1,326,910 Population working age 15+ years Total (PWA) 1,639,205 Labour Force 1,166,464 Employed 776,544 Male employed 386,814 Female employed 390,372 Male labour force 572,891 Female labour force 594,215 Youth labour force 616,988 Youth employed 332,614 Use the information provided in the table above to calculate: a) Labour force participation rate b) Labour force absorption rate c) Namibia unemployment rate in 2019 d) Male absorption rate e) Female absorption rate f) Male…Please select 2 countries and investigate the relationship between Financial Development and Economic Growth. In this project, you are expected to explain the following issues: 1- Why these 2 countries? 2- What is the relationship between growth and financial development? (Hint: Financial Development could be proxied by the Financial Development Index) While explaining what you found with data, you are expected to support your findings with at least 3 studies in the literature. You are limited to a maximum 3 pages.a) Identify ONE way that the data in the chart illustrate global economic differences between countries in the late twentieth century. refer to picture*
- Identify ONE way that the data in the chart illustrate global economic differences between countries in the late twentieth century. b) Identify ONE similarity (other than GDP per capita) that might account for the low life expectancies of some of the world’s countries, as displayed in the chart. c) Explain ONE way in which longer life expectancies in some of the world’s countries, as displayed in the chart, have led to new political, economic, or social problems.Broader measures of economic prosperity and wellbeing advise your client on some other metrics of wellbeing that we need to pay attention to when assessing a country’s overall improvement in quality of life over the long term. Explain to your client why it is important to consider additional indicators of well-being in addition to the conventional economic indicators. Choose two alternative measures of economic prosperity and wellbeing that are used internationally and provide a brief explanation of what they measure. Source data on these two measures for your country and note how your country compares to other countries elsewhere in the world according to these measures.]how important and efficient is the WTO to provide help for poor countries?, how can we measure their productivity? (explain your reasoning) The minimum length for the summary must be 2 paragraphs (8-10 lines each)
- The diagram plots GDP per worker vs. capital per worker, both across countries in 1990 (the scatter plots) and the trajectories since 1760 for a few representative countries (the paths). Based on this information, which of the following statements is correct? GDP per worker (1985 PPP $) 40,000 35,000- 30,000- 0025,000- 20,000- 15,000 1910 10,000- * 5,000 1.. Jose to 1973-4 1953 Select one: US (1800-1990) M UK (1760-1990) 1910 1760 1760 1800 India (1860-1990) Japan (1870-1990) Taiwan (1901-1990) Switzerland (1990) 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 Capital per worker (1985 PPP $) O a. Japan was more capital intensive than the UK in 1990. O b. There is no clear evidence of technological progress in GDP per worker in the US. O c. The average product of capital (Y/K) has been higher in Japan than in the UK over the years shown. O d. Switzerland has been the most successful country in attaining a high GDP per worker for a given amount of capital per worker.Reference equation: Real GDP per capita growth rate ■ Nominal GDP per capita growth rate - Inflation rate - Population growth rate This equation is an approximation of the exact rate of growth of GDP per capita, and so it results in some errors when calculating this rate. However, the simplified equation both is easy to use and results in small error terms when inflation, nominal GDP growth, and population growth are low, and so it is a useful approximation. The table below lists a fictional country's nominal GDP, real GDP, GDP deflator, and population over two years. Year 2017 Nominal GDP $1,100,000 2018 GDP Deflator 100 104 Real GDP (2017 dollars) $1,100,000 $1,153,846 Population 1,000 1,005 $1,200,000 Instructions: For part b, round your answers for dollar values to two decimal places (dollars and cents). For parts c-d, round your answers to one decimal place. a. Are the real GDP values in the table above accurate? Yes, they are accurate. b. This country's real GDP per capita for…All values are 2005 dollars. Part a) Calculate the growth of GDP/capita in each column. Part b) Calculate the average annual growth in GDP/capita for japan, uk, and USA from 1980 to 2010 using the growth formula in the image. In the growth function, t is the current time period, t-j is the original time period, and g is the annual growth rate. Part c) In parts a and b, are the calculated values for nominal gdp/capita or real gdp/capita. Explain why.