Please analyze the following graphs:

1. Interpret what you see: what kind of trending behaviour, is there a difference between males and females in terms of trends or fluctuations, etc.

Hourly Nominal Wage ($/hour) out 30 35 40 25 1997 1998 1999 2000 2001 2002 2003 2004 2005 Males 2006 Evolution of Hourly Nominal Wage for Males and Females from 1997 to 2019 2007 Years 2008 2009 Females 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019Real Wage ($/hour) 35 1997 1998 1999 2000 2001 2002 2003 2004 Real Male 2005 2006 for Males and Females from 1997 to 2019 Evolution of Hourly Real Wage in Dollars of 2002 2007 Years 2008 2009 2010 Real Female 2011 2012 2013 2014 2015 2016 2017 2018 2019Hourly Real Wage (S/hour) 30 25 20 15 10 Linear Trend of Hourly Real Wage for Males and Females from 1997 to 2019 S e 1997 1998 1999 2000 2001 200 00 00 00 00 00 00 00 2010 2011 201 2013 2014 2015 2016 2017 2018 2019 Years Real Male Linear Real Female Linear Comovement Between the Cyclical Components of Male and Female Hourly Wages from 1997 to 2019 2 1.5 Detrended Real Wage ($/hour) 0.5 0 -0.5 -1 -1.5 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 Years - Detrended Real Male Detrended Real FemaleReal per Capita GDP (Log-scale) 1970 1972 1974 Log Botswana 1976 1978 1980 1982 1984 1986 1988 Log Great Britain 1990 Britain, Malta, & Panama from 1970 to 2017 Evolution of Real per Capita GDP of Botswana, Great 1992 Years 1994 1996 1998 Log Malta 2000 2002 2004 2006 2008 Log Pana ma 2010 2012 2014 2016\fAverage Annual Growth Rate vs Initial Real per Capita GDP Botswana Malta Average Annual Growth Rate W AU O Panama Great Britain 2 6 6.5 7.5 8 8.5 9 9.5 10 1970 Real per Capita GDP (Log-scale)Frequency Frequency 30 20 25 45 35 15 40 50 40 o 4.652 2.42 8.604 4.34 12.556 6.26 16.508 8.18 20.46 24.412 28.364 13.94 32.316 15.86 36.268 40.22 44.172 Distribution of Real per capita GDP across 152 countries in 2017 countries in 1986 Distribution of Real per capita GDP across 152 48.124 Real per capita GDP (thousands of international dollars of 2011) Real per capita GDP (thousands of international dollars of 2011) 52.076 56.028 59.98 63.932 31.22 67.884 33.14 71.836 35.06 75.788 36.98 79.74 38.9 83.692 40.82 87.644 42.74 91.596 44.66 95.548 46.58 99.5 48.5