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Econ 114-HW#2

# Econ 114-HW#2 - Econ 114 Problem Set#2 Part II 1 Average...

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Unformatted text preview: 7/5/08 Econ 114 Problem Set#2 Part II. 1. Average Level of Savings Rate= 16.62 Minimum Savings Rate= -32.41 Maximum Savings Rate= 74.05 There is not too much variation, and there are not too many points that have extreme values. The countries with higher GDP tend to save more than the ones with lower GDP, however that is not always the case. 2. 80 2 0 0 0 G D P v s . 2 0 0 0 S a v in g s 60 40 Savings 20 0 -2 0 -4 0 0 5000 10000 15000 20000 25000 30000 35000 40000 45000 50000 Mostly all of the countries save about the same, except for a few outliers that save extremely less or extremely more. However, the richest of the rich countries save more than the poorest of the poor countries. G D P 3. G r o w th R a te s v s . A v g . S a v in g s R a te s 50 40 30 A v g . S a v in g s R a te s 20 10 0 -1 0 -2 0 -3 0 -2 0 2 4 6 8 10 12 14 Savings Rates C o lu m n I G r o w th R a te s Yes, the graph supports the Solow model, the faster the countries are growing, the higher savings rates they have in general. ...
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Econ 114-HW#2 - Econ 114 Problem Set#2 Part II 1 Average...

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