Compare the wealth of countries in 1600 to the wealth of countries in 2001.

The goal of this assignment is to describe the historical growth of population and income around the world. All tables and figures should be numbered and titled, e.g. Figure 1: Scatterplot of GDP per capita in 1500 and 2000.

I. The first set of questions can be answered using the dataset hw2.dta.

1.Compare the wealth of countries in 1600 to the wealth of countries in 2001.

Are the wealthy countries in 1600 the same as the wealthy countries in 2001?

In order to explore this question, first generate and report a scatter plot by country of gdp per capita in 1600 and gdp per capita in 2001. [Hint: Label the values on the scatter plot with country names using the mlabel() option.]

To investigate the strength of the relationship, report a regression with gdp per capita in 2001 as the dependent variable and gdp per capita 1600 as the regressor.