Hi there, I have got 3 set of economics problem. Please find attachments.

AN INTRODUCTION TO DEVELOPLMENT ECONOMIC

Question 1: (2 points) Computation of HDI

Consider the following data taken from the HDI in 2020

1. Compute Genovia’s HDI using geometric averaging method as discussed in the lecture. Carefully show each step of your calculation.

1. Suppose Wakanda’s HDI in 2020 is 0.937. Compare the human development of Wakanda to that of Genovia.

1. Now, try to compute the Genovia’s HDI using the arithmetic average where education index based on the arithmetic average of the indices of mean and expected years of schooling.

Question 2. (3 points) The Maddison Project Database provides information on comparative economic growth and income levels over the very long run. The 2020 version of this database covers 169 countries and the period up to 2018. Download data from the Angus Maddison Project "maddison project database 2020".

(a) Plot the evolution of GDP per capita of Canada, the USA and a third country of your choosing, from the earliest possible year until 2018. Briefly comment on these time series.

(b) Using these three countries, create a scatter plot, with GDP per capita in 1950 on the horizontal axis, and the growth rate of GDP per capita between 1950 and 2018 on the vertical axis. Did these countries converge in this period?

(c) Create the same scatter plot but using all countries in the database. Was there convergence in this period?

(d) Create a subsample of countries and check the convergence hypothesis for this sub-group countries? (Hint: you can create sub-group in different ways, for example, top and bottom 30 countries; using regional group,

(e) Why does economist expect income convergence between developed and developing countries? Based on your findings of question c and d, why some countries able to convergence but others could not? What’s factors would you look for explanation?

Excel Online Material

A.Calculating Average Growth Rate in Excel
https://www.youtube.com/watch?v=IT1RzUF45A8

B.Calculating Compound Annual Growth Rate (CAGR) in Excel

https://www.investopedia.com/ask/answers/071014/what-formula-calculating-compound-annual-growth-rate-cagr-excel.asp

https://www.youtube.com/watch?v=YRjV86PCqiE