Question
Per capita income in 1960 dollars for European countries and the percent of the labor force that works in agriculture in 1960 are in table
Per capita income in 1960 dollars for European countries and the percent of the labor force that works in agriculture in 1960 are in table #10.1.12 ("OECD economic development," 2013). Create a scatter plot and find a regression equation between percent of labor force in agriculture and per capita income. Then use the regression equation to find the per capita income in a country that has 21 percent of labor in agriculture and in a country that has 2 percent of labor in agriculture. Which per capita income that you calculated do you think is closer to the true income? Why?
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