Question
Download data on population growth and GDP per capita for the year 2010, and all available countries in the World Development Indicators database. a. Plot
Download data on population growth and GDP per capita for the year 2010, and all available countries in the World Development Indicators database.
a. Plot the relationship between population growth and GDP per capita. Describe the relationship, and what is the correlation rate?
b. Can the Malthusian model explain the relationship you found in [a.]? Explain based on the assumptions of the model.
c. Can the Solow model explain the relationship you found in [a.]? Explain based on the assumptions of the model. d. Can the Demographic Transition explain the relationship you found in [a.]? Explain based on the definition of the demographic transition, the different stages of the transition, and their relationship with changes in GDP per capita.
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