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Hi, I need help with the question below:- Please access the website to gather the data. https://fred.stlouisfed.org Question 1 Go to the FRED website (https://fred.stlouisfed.org/)
Hi, I need help with the question below:- Please access the website to gather the data. https://fred.stlouisfed.org
Question 1 Go to the FRED website (https://fred.stlouisfed.org/) and collect annual data from 1960 to 2019 of the "Expenditure-side Real GDP, at chained purchasing power parity (2017 USD)" for the following 6 countries: US, Italy, Germany, Spain, Kenya, and Nigeria. For the same six countries, and the same time interval, collect data on "Total Population". Using these data, compute real GDP per capita and plot the time series for each country. ii. For each economy, compute the ratio of real GDP per capita relative to that of the US. Do the data support the prediction of convergence? Explain your findingsStep by Step Solution
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