Give a short summary on market capitalisation of stock markets. Which countries have stock markets with the highest market value? 2. It is expected that larger countries have a larger stock market with higher total market value. Therefore, compute the market value relative to the size of the economy, by computing a market value to GDP ratio. Discuss descriptive statistics and analyse the distributional properties of this ratio with the help of a histogram and a box plot. 3. There can be many reasons why some countries have a larger stock market than others. Analyse whether richer countries have a larger relative stock market value than poorer countries. Compute GDP per capita and study the relationship between market value to GDP ratio and GDP per capita, using correlation coefficient and a scatter diagram. 4. When taking a time-series perspective, market value to GDP ratio is a measure whether a stock market is over- or undervalued. This measure in percent is called Buffett indicator. Using the data on the United States from tab 2 of the Excel file, compute the Buffet indicator and plot it on a time series graph. By including a trendline discuss in which years the US stock