Question
Below you will find data on log real GDP per capita Spain starting in 1300 and ending in 1800 in 50-year intervals. log real GDP
Below you will find data on log real GDP per capita Spain starting in 1300 and ending in 1800 in 50-year intervals.
log real GDP per capita, Spain
1300 6.761155
1350 6.810358
1400 6.707736
1450 6.739978
1500 6.739978
1550 6.813001
1600 6.793341
1650 6.532692
1700 6.701958
1750 6.663733
1800 6.820206
Plot the data being sure to include the dates along the horizontal axis. Include your plot with your answers.
Calculate the average rate of growth of Spanish real GDP per capita between 1300 and 1800. Report your result. (You can multiply your result by 100 to convert it to a percentage rate of growth if you wish.) Does the growth experience of Spain over this period conform to the predictions of the Malthusian model? Why or why not?
Over the same period of time, the average rate of growth in the UK was 0.21% per year. What do you think is the primary reason for the difference between the growth rate for Spain that you found and the growth rate for the UK?
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