A4 According to Table 5 and Table 6, which one of the following conclusions is correct? (Check all thatapply, two correct answers.)The region has suffered from high volatility of growth compared to other regions of the world.Because all oil producing countries have done worse than non-oil producing countries, the theory that oil isthe source of all problems of the region may be a valid explanation for the economic performance of theregion.O In general, growth in the region decreased from 1960 to 2000.O The region has always suffered from low growth rates, compared to other regions of the world. Table 5. Mean and volatility of output growth rates across different regionsCountry Groups1961–19801981–20001961-2000МaanVolatilityMeanVolatilityMeanVolatility2.262.82EuropeAmerica3.582.942.312.912.623.990.654.191.644.30North2.212.964.383.061.622.342.72South2.554.260.511.534.53Asia and Australia3.123.483.333.073.233.50Advanced3.303.341.932.192.613.02Other3.083.513.683.283.383.62MENA3.477.961.624.302.546.54Africa1.797.980.557.101.177.90World2.645.451.396.152.026.36Source: Computations are based on Penn World Tables (PWT 6.1) with country groups defined inTable 1 of Pesaran (2006). Output growth volatility is measured as the standard deviation of outputgrowth rates over the specified period scaled by the absolute mean growth rate over the same period.Table 6. Mean output growth rates and measures of growth volatility for selectedMENA countriesCountry1961–19801981–20001961–2000МeanSDMeanSDМeanSDAlgeriaEgypt3.40710.7680.2023.1481.8047.9972.6736.0992.7851.2412.7294.344Iran2.5369.6552.2386.1262.3877.983Jordan9.1235.0485.8273.236-0.0721.5827.468Morocco4.2484.8821.2802.7645.515Syria4.95415.2101.8346.6173.39411.685Tunisia4.2974.5222.2692.5693.2573.747Turkey2.4393.4402.3863.7972.4123.577

In the question we have to find out the different volatility of growth and all others phenomena with…

According to Table 5 and Table 6, which one of the following conclusions is correct? (Check all that apply, two correct answers.) The region has suffered from high volatility of growth compared to other regions of the world. Because all oil producing countries have done worse than non-oil producing countries, the theory that oil is the source of all problems of the region may be a valid explanation for the economic performance of the region. O In general, growth in the region decreased from 1960 to 2000. O The region has always suffered from low growth rates, compared to other regions of the world.

According to Table 5 and Table 6, which one of the following conclusions is correct? (Check all that apply, two correct answers.) The region has suffered from high volatility of growth compared to other regions of the world. Because all oil producing countries have done worse than non-oil producing countries, the theory that oil is the source of all problems of the region may be a valid explanation for the economic performance of the region. O In general, growth in the region decreased from 1960 to 2000. O The region has always suffered from low growth rates, compared to other regions of the world.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter8: Productivity And Growth

Section: Chapter Questions

Problem 2.4P

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