You are required to go to the Penn World Table website and collect data on real GDP per capita (Chained series) for 1980 and 2003 for at least ten countries of your choice. You could download the data using the link below.

http://datacentre2.chass.utoronto.ca/pwt62/alphacountries.html

Required:

Question 1: Rank the countries according to GDP per capital in 1980. List the countries with the highest top 5 levels of GDP per capital in 1980. Are there any surprises?

Question 2: Repeat the analysis in part (a) for 2003. Has the composition of the richest countries changed since 1980?

Question 3: For each of the ten countries for which you collected data, divide the 2003 level of real GDP per capita by the level in 1980. Which of these countries has had the greatest proportional increase in GDP per capita since 1980?

Question 4: Which country had the smallest proportional increase in GDP per capita?

Question 5: Do a brief internet search on the country with the greatest growth in GDP per capita over time. Can you ascertain any reasons for the economic success, or lack of it, for this country?