Data For the purpose of this analysis, I choose to use the World Bank 2007 data to come up with a detailed conclusion. I used 32 different countries scattered throughout the world in my analysis, to provide an unbiased result. Three relevant variables were chosen to be analyzed and discussed later on in this section. These variables as mentioned earlier include foreign direct investments, agriculture and industry.
The graph provided below is a summary statistic of the three variables in thirty two countries that were randomly chosen. In the table provided, you will see the average, median, standard deviation, maximum, and minimum of the given set of data. All information provided below was taken from World Bank 2007 database and calculations were calculated using the SPSS software:
Descriptive Statistics
N
Range
Minimum
Maximum
Mean
Std. Deviation
Agriculture, value added (annual % growth)
28
27
-11
16
2.96
5.928
Foreign direct investment, net inflows (% of GDP)
31
27
0
27
5.06
6.708
Industry, value added (annual % growth)
28
16
-1
15
4.36
3.664
Valid N (listwise)
28 …show more content…
Solomon island have a population of roughly 498240. The United States have a GDP of $13,741,600,000,000 with a population of 301,290,000 people. Comparing these two countries one with the highest GDP and one with the lowest GDP, we want to know which country has the best annual GDP per capita growth. From the World Bank 2007 database, we realized that the United States have a GDP per capita growth of only one percent. While this is so, Solomon Island has a GDP per capita growth of eight percents. This proves that if population size is huge, then there might be a slow GDP per capita growth. Hence, population size would also affect GDP per capita growth, but for our purpose of the analysis we must figure out whether or not the hypotheses are accurate or
The graph provided below is a summary statistic of the three variables in thirty two countries that were randomly chosen. In the table provided, you will see the average, median, standard deviation, maximum, and minimum of the given set of data. All information provided below was taken from World Bank 2007 database and calculations were calculated using the SPSS software:
Descriptive Statistics
N
Range
Minimum
Maximum
Mean
Std. Deviation
Agriculture, value added (annual % growth)
28
27
-11
16
2.96
5.928
Foreign direct investment, net inflows (% of GDP)
31
27
0
27
5.06
6.708
Industry, value added (annual % growth)
28
16
-1
15
4.36
3.664
Valid N (listwise)
28 …show more content…
Solomon island have a population of roughly 498240. The United States have a GDP of $13,741,600,000,000 with a population of 301,290,000 people. Comparing these two countries one with the highest GDP and one with the lowest GDP, we want to know which country has the best annual GDP per capita growth. From the World Bank 2007 database, we realized that the United States have a GDP per capita growth of only one percent. While this is so, Solomon Island has a GDP per capita growth of eight percents. This proves that if population size is huge, then there might be a slow GDP per capita growth. Hence, population size would also affect GDP per capita growth, but for our purpose of the analysis we must figure out whether or not the hypotheses are accurate or