What is the U.S. spending on steel as a percentage of GDP? Is the volatility of the spending share large? Get data from the last 30 years and plot it in Excel.
2. Consumption spending is a large
percentage of GDP in the United States. The ageing population is a
demographic certainty. Explain how ageing demographics in the U.S.
will affect the economy for each of the two views discussed
below.
a. Using key macroeconomic measurements and models explain how
ageing demographics traditionally has already affected several
economies (such as Japan and Europe.
b. Now explain how ageing demographics will affect U.S.
consumers and U.S. consumers and U.S. businesses if older people...
4. What is the meaning of this equation: Total Spending (GDP) =
C + I + G + (X-M)? What information does this equation try to
communicate to us? Why? Why should we care about this
information?
5. In theory, what is so ‘unique’ and ‘special’ about Business
Spending (I)? One can argue that this area of spending is MUCH MORE
IMPORTANT than “just 17% of Total Spending”---why may this be
true?
6. In theory, what must a firm be...
The World Bank collected data on the percentage of GDP that a
country spends on health expenditures ("Health expenditure," 2013)
and also the percentage of women receiving prenatal care ("Pregnant
woman receiving," 2013). The data for 14 countries where this
information is available for the year 2011 are in following table
(note: outlier data has been removed):
Data of Health Expenditure versus Prenatal
Care
Health Expenditure (% of GDP)
Prenatal Care (%)
3.7
54.6
5.2
93.7
5.2
84.7
10.0
100.0...
The World Bank collected data on the percentage of GDP that a
country spends on health expenditures ("Health expenditure," 2013)
and also the percentage of women receiving prenatal care ("Pregnant
woman receiving," 2013). The data for the countries where this
information is available for the year 2011 is in the table
below:
Health Expenditure (% of GDP)
Prenatal Care (%)
9.6
47.9
3.7
54.6
5.2
93.7
5.2
84.7
10.0
100.0
4.7
42.5
4.8
96.4
6.0
77.1
5.4
58.3
4.8
95.4...
The World Bank collected data on the percentage of GDP that a
country spends on health expenditures ("Health expenditure," 2013)
and also the percentage of women receiving prenatal care ("Pregnant
woman receiving," 2013). The data for the countries where this
information is available for the year 2011 are in table #10.1.8.
Find the correlation coefficient and coefficient of determination
and then interpret both.
Table #10.1.8: Data of Health
Expenditure versus Prenatal Care
Health Expenditure (% of GDP)
Prenatal Care (%)...
The World Bank collected data on the percentage of GDP that a
country spends on health expenditures ("Health expenditure," 2013)
and also the percentage of women receiving prenatal care ("Pregnant
woman receiving," 2013). The data for the countries where this
information is available for the year 2011 are in following
table:
Data of Health Expenditure versus Prenatal
Care
Health Expenditure (% of GDP)
Prenatal Care (%)
3.7
54.6
5.2
93.7
5.2
84.7
10.0
100.0
4.7
42.5
4.8
96.4
6.0
77.1...
The World Bank collected data on the percentage of GDP that a
country spends on health expenditures ("Health expenditure," 2013)
and also the percentage of woman receiving prenatal care ("Pregnant
woman receiving," 2013). The data for the countries where this
information are available for the year 2011 is in table #10.1.8.
Create a scatter plot of the data and find a regression equation
between percentage spent on health expenditure and the percentage
of woman receiving prenatal care. Then use the...
The World Bank collected data on the percentage of GDP that a
country spends on health expenditures ("Health expenditure," 2013)
and also the percentage of woman receiving prenatal care ("Pregnant
woman receiving," 2013). The data for the countries where this
information is available for the year 2011 are in table #10.1.8.
Find the correlation coefficient and coefficient of determination
and then interpret both.
HEALTH EXPENDITURE (% of GDP)
Prenatal Care (%)
9.6
47.9
3.7
54.6
5.2
93.7
5.2
84.7
10.0...
The World Bank collected data on the percentage of GDP that a
country spends on health expenditures ("Health expenditure," 2013)
and also the percentage of woman receiving prenatal care ("Pregnant
woman receiving," 2013). The data for the countries where this
information is available for the year 2011 are in table
#10.1.8.
a.) Test at the 5% level for a correlation between percentages
spent on health expenditure and the percentage of woman receiving
prenatal care.
b.) Find the standard error of...