Answer Happy

need elasticity
Question 4 (10 marks) You are an intern for the Asian development Bank in Manila. Your immediate supervisor has given you the following table for two hypothetical countries. Atlantis Asia-Pasifica 2000 2020 2020 2000 $10,000 $10,500 $12,000 $15,000 GDP per capita 0.21 0.18 0.28 0.22 Proportion of population in poverty 0.1 0.08 0.14 0.13 Maternal mortality per 100 women 85 88 77 81 Primary school enrolment per 100 children aged 6 You are tasked to, first, calculate and show the cumulative percentage changes of each variable between 2000 and 2020 and the elasticity of each variable with respect to GDP per capita, and to place your figures into the following table. Asia-Pasifica Atlantis % % Elasticity change GDP per capita change 25% 5% - Proportion of population in poverty -14.285 27.272% Maternal mortality per 100 women -20% -7.142% Primary school enrolment per 100 children aged 6 3.529 5.194% Second, your immediate supervisor would like you to critically analyse the data and inform him which of the two countries has more likely seen a narrowing in the income Gini coefficient, and to justify your response. Elasticity