Work Sheet Assignment Q1 – Complete the following statement: GDP per capita is the real GDP on a per-person basis, it’s usually calculated using the following formula: GDP = Real GDP divided by ______________ Q2 – Compare and contrast savings and disposable personal income: ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Q3 – Nominal GDP does not account for the change […]
Construct a scatterplot where the growth rate for the period is on the y-axis, and the personal income per capita for the initial year of the period under analysis is on the x-axis.
Module 8: Assignment: Analysis and Convergence Hypothesis Review the lecture ECON_760_M8. Select 7 counties in a US state. Search https://www.bea.gov/data/income-saving/personal-income-by-state for personal income per capita for those counties. Include in your final assignment from 1971 to 2020. Identify whether beta convergence holds in the chosen state. 1. Evaluate the convergence σ. (See slides 36, 47, […]
Give a brief history of the country, including economic indicators and historical events that impacted economic outcomes.
Economic health Give a brief history of the country, including economic indicators and historical events that impacted economic outcomes. This should include a discussion of the overall economic health (including: unemployment, GDP growth, standard of living, inflation, and budget balances) of the country. For this section, you will create 2 graphs, each showing your country […]