Question: 7 ) Find the World Bank World Development Indicators online and go to the databank, and click World Development Indicators. This database is an incredible

7) Find the World Bank World Development Indicators online and go to the databank, and click "World Development Indicators". This database is an incredible resource of information about countries. Review data available for your country of citizenship.
a) Under "Series", there are many GDP per capita indicators that are calculated using purchasing price parity. Two of them are GDP per capita, PPP (constant 2021 international \$), and GDP per capita (constant LCU). What is the difference between these GDP per capita variables?
b) Download "GDP per capita, PPP (current international \$)" and "PPP conversion factor, GDP (LCU per international \$)" for the following countries: Peru, Tunisia, Austria, Kenya, Thailand, (South) Korea and Jordan, for 2008-2023.(Hint: If you found the correct data, GDP in 2017 should be 12,480 for Peru and 11,135 for Tunisia.) What is the intuitive meaning of these two time-series that you downloaded?
c) According to the numbers how does an average person's income in Austria compare to an average person's income Thailand in 2010? If you had 1,000 units of local currency Kenyan shilling or Jordanian dinar (i.e., KES 1,000 or JOD 1,000) could you buy more in Kenya or in Jordan in 2010. Why?
d) Calculate the average annual growth rate from 2018 to 2023 in all seven countries. (Hint: to calculate average annual growth rate (or arithmetic growth rate) take the sum of each year's annual growth rate and divide by the number of years. Starting in 2012 means start with the growth rate between 2012 and 2013, not 2011 and 2012.)
e) How do Peru and Austria's average annual growth rates from 2018-2023 compare to Tunisia? Can you explain why?
f) Calculate the implied compounded annual growth rate (or geometric growth rate) from 2018 to 2023 in all seven countries. (We did this in class.) How does the average annual growth rate differ from the compounded annual growth rate from 2018 to 2023? Why?
g) Calculate the implied compounded annual growth rate from 2008 to 2023 in all seven countries. Calculate the average annual growth rate from 2008 to 2023. How do they differ from one another?
h) How does the compounded annual growth rate from 2008 to 2023 compare with the compounded annual growth rate from 2018 to 2023 for Peru, Tunisia and Jordan? Why are they different or similar?
i) What are the capitals of these seven countries?
7 ) Find the World Bank World Development

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