Question

1.Using a graph of Openness (as a percentage) versus time, explain in up to 200 words how openness has changed for these countries from 2001 to 2014.

Openness Versus Time Graph For Paraguay And Poland 120.00% 100.00% 80.00% Paraguay 60.00% Poland 40.00% 20.00% 0.00% 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Year

2.Explain in up to 200 words the relationship between Openness and economic development by calculating the correlation coefficient between GDP per capita (proxy for economic development) and Openness for Paraguay and Poland, respectively.

PARAGUAY HAS 0.08 OF CORRELATION COEFFIECIENT.

POLAND HAS 0.93 OF CORRELATION COEFFICIENT

Answer 1

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