Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question: Run two regressions: real GDP growth rate = time trend and nominal GDP growth rate = time trend. Date Gini-Coeff (GINI)GDP{nom)CPI trend dum 1954
Question: Run two regressions: real GDP growth rate = time trend and nominal GDP growth rate = time trend.
Date Gini-Coeff (GINI)GDP{nom)CPI trend dum 1954 38.52 390.55 26.9 1 0 1955 37.71 425.48 26.8 2 0 1956 37.26 449.35 27.2 3 0 1957 37.53 474.04 28.1 4 0 1958 37.35 481.23 28.9 5 0 1959 37.89 521.65 29.1 6 0 1960 37.98 542.38 29.6 7 0 1961 38.79 562.21 29.9 8 0 1962 37.8 603.92 30.2 9 0 1963 37.53 637.45 30.6 10 0 1964 37.62 684.46 31.0 11 0 1965 37.44 742.29 31.5 12 0 1966 37.08 813.41 32.4 13 0 1967 37.35 859.96 33.4 14 0 1968 36.25 940.65 34.8 15 0 1969 36.45 1,017.62 36.7 16 0 1970 36.85 1,073.30 38.8 17 0 1971 37.05 1,164.85 40.5 18 0 1972 37.35 1,279.11 41.8 19 0 1973 37.15 1,425.38 44.4 20 0 1974 36.55 1,545.24 49.3 21 0 1975 37.05 1,684.90 53.8 22 0 1976 37.05 1,873.41 56.9 23 0 1977 37.35 2,081.83 60.6 24 0 1978 37.45 2,351.60 65.2 25 0 1979 37.75 2,627.33 72.6 26 0 1980 37.85 2,857.31 82.4 27 0 1981 38.45 3,207.04 90.9 28 1 1982 39.55 3,343.79 96.5 29 1 1983 40.05 3,634.04 99.6 30 1 1984 40.05 4,037.61 103.9 31 1 1985 40.55 4,338.98 107.6 32 1 1986 40.85 4,579.63 109.6 33 1 1987 41.05 4,855.22 113.6 34 1 1988 41.35 5,236.44 118.3 35 1 1989 41.95 5,641.58 124.0 36 1 1990 41.75 5,963.14 130.7 37 1 1991 41.75 6,158.13 136.2 38 1 1992 42.45 6,520.33 140.3 39 1 1993 43.6 6,858.56 144.5 40 1 1994 43.6 7,287.24 148.2 41 1 1995 43.3 7,639.75 152.4 42 1 1996 43.7 8,073.12 156.9 43 1 1997 44 8,577.55 160.5 44 1 1998 43.9 9,062.82 163.0 45 1 1999 44.1 9,630.66 166.6 46 1 2000 44.2 10,252.35 172.2 47 1 2001 44.6 10,581.82 177.1 48 1 2002 44.3 10,936.42 179.9 49 1 2003 44.5 11,458.25 184.0 50 1 2004 44.7 12,213.73 188.9 51 1 2005 45 13,036.64 195.3 52 1 2006 45.2 13,814.61 201.6 53 1 2007 44.4 14,451.86 207.342 54 1 2008 45 14,712.85 215.303 55 1 2009 45.6 14,448.93 214.537 56 1 2010 45.6 14,992.05 218.056 57 1 2011 46.3 15,542.58 224.939 58 1 2012 46.3 16,197.01 229.594 59 1 2013 45.9 16,784.85 232.957 60 1 2014 45.6 17,527.26 236.736 61 1
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started