ECO220Y1 Midterm: ECO220Y1Y UTSG Term Test 220 2 JUN15 Solution
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Eco220y, test #2, june 26, 2015, 2:00 5:00, solutions/rubrics (1) (a) rubric: 0: no evidence of any familiarity with the paper. 2: familiarity with the paper, but trouble identifying the main claim. 3: does a good to excellent job in identifying the main claim (b) rubric: +1 recognizes that the natural log straightens the scatter plot. +3 correctly interprets the ols slope and is context-specific (i. e. about china during the relevant time period) +2 correctly interprets the r2 (noting how high it is) +1 correctly notes that the ols intercept has no interpretation in this case (c) rubric: +2 correctly points out the similarities: need for the log transformation and the high r2. +2 correctly notes that the growth rate in india is less than half as fast as china during this period (d) rubric: +3 correctly points out that japan"s growth rate is very different during these three consecutive time periods (fast, medium, and, most recently, non-existent)
