Explore International Property Rights Index website. This organization scores countries on their legal and political environment...

Explore International Property Rights Index website. This organization scores countries on their legal and political environment and how well property rights are protected. Choose three countries with high scores and three countries with low scores from their list.

Then explore the CIA World Factbook website to find GDP per capita in each of these six countries. Based on what you find, how would you describe the relationship between property rights and GDP per capita? Why do you think that relationship exists

Expert Solution

Please find the sheet below to compare the results and deduct the relationships

Top three countries on International Property Rights protection
Name	Region	Score (2019)	Annual	Global Rank	GDP per capita (2017 estimates)
Finland	Western Europe	8.712	0.02	1	44500
Switzerland	Western Europe	8.571	-0.046	2	62100
New Zealand	Asia And Oceania	8.514	-0.117	3	39000

Lowest Three countries on International Property Rights protection
Name	Region	Score (2019)	Annual	Global Rank	GDP per capita (2017 estimates)
Yemen, Republic Of	The Middle East And North Africa	2.671	-0.12	129	2500
Haiti	Latin America & Caribbean	2.703	-0.029	128	1800
Venezuela	Latin America & Caribbean	2.895	-0.079	127	12500

he relationship between property rights and GDP per capita is positive as we can see that as country's GDP is getting higher there score on the international property rights are doing well. As you can also see the correlation score (0.9532 >0) between the scores and gdp per capita between all these countries in the below table highlighted by yellow cell.

Correlation table
	Score (2019)	Annual	Global Rank	GDP per capita (2017 estimates)
Score (2019)	1
Annual	0.302092187	1
Global Rank	-0.999808835	-0.295228744	1
GDP per capita (2017 estimates)	0.943238493	0.319874364	-0.941921959	1

Rahul Sunny answered 2 years ago

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