NUS Economics Worksheet

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All plots should be presented with proper labels.
Print your final answers in one single file.
.
1. Using your favorite data source (see below), choose a “rich” and a “poor” country based on
their GDP per capita adjusted by PPP exchange rates to answer the following questions:
a. How big was the income gap between the rich and the poor country for the most
recent year available in
your
data?
b. How was the income gap between these same two countries for the earliest year
available in your data?
c. Plot the relative GDP per capita (i.e. the development gap) between these two
countries over the period you based your previous analysis (all the years between the
earliest and latest data points).
Data: Here are some available data sources (but you are welcome to use alternative data
sources):
Gap Minder: www.gapminder.org.
World Bank’s World Development Indicators:
https://datacatalog.worldbank.org/dataset/world-development-indicators.
Penn World Tables: https://www.rug.nl/ggdc/productivity/pwt/.
Fred: https://fred.stlouisfed.org
.
.
2. Use the data on GDP per capita from question 1 and plot the following time series:
a. The evolution of the real GDP per capita for the two countries of your choice in
levels.
b. The evolution of the real GDP per capita for the two countries of your choice in
logarithms.
c. The growth rates of the real GDP per capita for the two countries of
d. What connection do you see between the plot in logarithms vs. the growth rates?
e. Can you tell a story about the catch up (or lack of it) between the rich and the poor
country you selected using the plots from questions 2a, 2b and 2c? Try to explain the
data with a story that you can tell a random person in the street.
your choice.

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Explanation & Answer:
3 pages

Tags:
economics

switzerland

Central African Republic

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