PS1 - Problem Set #1 Problem 1 In 1960: Average: 3590...

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Problem Set #1 Problem 1 In 1960: Average: 3590 Minimum: 408 Maximum: 16010 In 2000: Average: 8992 Minimum: 246 Maximum: 47020 Through the calculations made we can observe that the minimum over time has decreased almost to the half and that the maximum has more than doubled itself. Therefore, the difference has widened even more over time. Problem 2 Growth rates: Average: 0.01766250 Minimum: -0.03558804 Maximum: 0.06718783 Problem 3 Level of income per capita in Africa, Asia and WE in 1960 and 2000 1960 2000 Difference Africa Average 1628 2710 1082 Minimum 408 246 -162 Maximum 5304 14892 9588 Asia Average 1725 7282 5557 Minimum 677 1381 704 Maximum 4858 31130 26272 Western Europe Average 9008 26315 17307 Minimum 3665 17021 13356 Maximum 16010 47020 31010 Observing the calculations made it is possible to identify several patterns. While Africa has the lowest incomes overall (mean, min and max in both years), WE has the highest of the regions analyzed. Also WE have been able to only double its inequality but
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This note was uploaded on 03/01/2009 for the course ECON 114 taught by Professor Cindybenelli during the Spring '08 term at UCSB.

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PS1 - Problem Set #1 Problem 1 In 1960: Average: 3590...

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