Question
In: Economics
The World Bank has data on savings rates and GDP growth rates for most countries of...
The World Bank has data on savings rates and GDP growth rates for most countries of the world. Download the data and create a scatter plot between those two variables for 2019. Is there an obvious relationship between growth rates and savings rate? Explain why you might see what you observe.
Solutions
Rahul Sunny answered 2 years agoRelated Solutions
Annual growth rates for countries whose GDP will double in roughly:
Annual growth rates for countries whose GDP will double in
roughly:a) 6.5 yearsb) 10 yearsc) 20 yearsHow many years will it take a country to double its GDP given the
following growth rates:a) 5%b) 14%c) 20%
The EU Central Bank is worried that with Brexit and decreasing GDP growth rates in Germany...
The EU Central Bank is worried that with Brexit and decreasing
GDP growth rates in Germany it will have to take action in 2018.
Given that the Central Bank’s risk (i.e. discount) rate is near
zero what actions will be taken?
a. Explain the actions you expect the Central Bank to take and
explain in macroeconomic measurement, modeling and movement terms
what the Central Bank’s actions will have on EU exchange rates and
exports with the U.S.
b. Use macro...
Based on available data (search the internet) on GDP of countries of the world, name one...
Based on available data (search the internet) on GDP of
countries of the world, name one country in each of the three
stages of economic development from Asia, Americas, Africa, and
Europe (you should end up with a list of 12 countries). Indicate in
your answer their GDPs in $ and growth rates in %. for any one year
(from 2016-2019). I have giving a range of years, as you might not
get the most recent data for some countries....
The World Bank collected data on the percentage of GDP that a country spends on health...
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...
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...
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...
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...
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...
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...
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...
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