Principles of Economics (12th Edition)
12th Edition
ISBN: 9780134078779
Author: Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher: PEARSON
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Chapter 18, Problem 9.1P
To determine
Identify the changes in the Gini coefficient in different countries.
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The manufacturing sector is considered as one of the major sources of substantial employment generation in both developed and developing economies. But in Zambia, its contribution is still less than the highest standard set at 2014 when it accounted for 223 681 jobs of which 7.1 percent of these were formal jobs. In total, manufacturing sector jobs had represented 3.8 percent of the 5.9 million total employed population (Central Statistical Office, 2016). As a Student of Econometrics II, you are tasked to establish the determinants of the growth of the manufacturing sector in Zambia.a) Mention four relevant variables would you include in the model.b) Suppose you collect time series data on the proposed variables, explain the steps that you would take to finally decide which model you would run. Note: Explanation must be within ten (10) sentences.
Using the information provided in Table 1 below for the Traditional Human Development Index, answer the following questions:
Hypothetical Data for Malaysia
Economic Indictor
Value
PPP GDP per capita
$ 13,990
Life Expectancy
79
Adult literacy
86%
Gross School Enrollment
82%
Calculate the income index, life expectancy index, and education index for Malaysia .
Consider the following statement and describe its accuracy:
"A country's male labour force participation rate is strongly correlated with its level of economic development."
Chapter 18 Solutions
Principles of Economics (12th Edition)
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