Question: The Organization for Economic Cooperation and Development OECD is an
The Organization for Economic Cooperation and Development (OECD) is an organization comprised of thirty countries. To belong, a country must sup-port the principles of representative democracy and a free market economy. How have these countries grown in the decade from 1988 to 1998– 2000? Here are the GDP per capita for 24 of the OECD members (in year 2000 dollars). (www.sba.gov/advo/research/(www.sba.gov/advo/research/rs264tot.pdf)
Make a model of 1998– 2000 GDP/ Capita in terms of 1988 GDP/ Capita. Plot the residuals and discuss any concerns you may have.
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