Project 3

National Economy

How does the GDP for USA compare to that of that of Britain?
Time	USA GDP	GBR GDP
1970	1073303	197804.2058
1971	1164850	215072.8153
1972	1279110	234022.1758
1973	1425376	262912.8569
1974	1545243	279512.134
1975	1684904	300885.1951
1976	1873412	326681.88
1977	2081826	355456.8452
1978	2351599	396445.4041
1979	2627334	445400.3057
1980	2857307	475785.9604
1981	3207042	516790.3233
1982	3343789	559751.0876
1983	3634038	606233.1195
1984	4037613	642401.4346
1985	4338979	690520.1657
1986	4579631	726434.773
1987	4855215	783897.6238
1988	5236438	858193.9289
1989	5641580	914752.9743
1990	5963144	955939.9907
1991	6158129	977529.5913
1992	6520327	1003545.6363
1993	6858559	1053282.1115
1994	7287236	1117514.1057
1995	7639749	1190685.1009
1996	8073122	1271055.7233
1997	8577552	1343618.6774
1998	9062817	1382460.7914
1999	9630663	1432714.2155
2000	10252347	1555186.1897
2001	10581822	1640973.6769
2002	10936418	1725817.4194
2003	11458246	1805030.5834
2004	12213730	1917490.3382
2005	13036637	1973200.2228
2006	13814609	2115462.7526
2007	14451860	2183078.946
2008	14712845	2265855.8606
2009	14448932	2179887.2377
2010	14992052	2280975.351
2011	15542582	2350795.5756
2012	16197007	2440476.6487
2013	16784851	2563271.0401
2014	17527258	2665876.3074
2015	18224780	2768619.3899
2016	18715040	2856266.937
2017	19519424	2997685.2602
2018	20580223	3056736.5106
Mean	8542868.36734694	1323673.21226122
median	7287236	1117514.1057
Sample variance	34211279301983.8	760217429156.316
standard deviation	5849040.88735784	871904.483963878
coefficient of variation	0.6846694384	0.6587007094
range	19506920	2858932.3048
percentiles
25th	3343789	559751.0876
50th	7287236	1117514.1057
75th	13814609	2115462.7526
Quintiles
1st	2765317.8	463631.69852
2nd	5705892.8	922990.37758
3rd	9517093.8	1422663.53068
4th	14556254	2216189.71184
5th	20580223	3056736.5106
Skewness	0.4494688303	0.4396658407
Source:	https://data.oecd.org/gdp/gross-domestic-product-gdp.htm

Trend of GDP for USA and GBR

USA GDP 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 1073303 1164850 1279110 1425376 1545243 1684904 1873412 2081826 2351599 2627334 2857307 3207042 3343789 3634038 4037613 4338979 4579631 4855215 5236438 5641580 5963144 6158129 6520327 6858559 7287236 7639749 8073122 8577552 9062817 9630663 10252347 10581822 10936418 11458246 12213730 13036637 13814609 14451860 14712845 14448932 14992052 15542582 16197007 16784851 17527258 18224780 18715040 19519424 20580223 GBR GDP 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 197804.2058 215072.81529999999 234022.1758 262912.85690000001 279512.13400000002 300885.19510000001 326681.88 355456.84519999998 396445.40409999999 445400.30570000003 475785.96039999998 516790.32329999999 559751.08759999997 606233.11950000003 642401.43460000004 690520.16570000001 726434.77300000004 783897.62379999994 858193.92890000006 914752.9743 955939.99069999997 977529.59129999997 1003545.6363 1053282.1115000001 1117514.1057 1190685.1009 1271055.7233 1343618.6773999999 1382460.7914 1432714.2154999999 1555186.1897 1640973.6769000001 1725817.4194 1805030.5833999999 1917490.3382000001 1973200.2228000001 2115462.7525999998 2183078.946 2265855.8605999998 2179887.2376999999 2280975.3509999998 2350795.5756000001 2440476.6486999998 2563271.0400999999 2665876.3073999 998 2768619.3898999998 2856266.9369999999 2997685.2601999999 3056736.5106000002 https://data.oecd.org/gdp/gross-domestic-product-gdp.htm

Wealth Income and Poverty

Race and Hispanic origin of householder and year
	$200,000 and over
1967	1.1
1968	1.0
1969	1.3
1970	1.4
1971	1.3
1972	1.7
1973	1.8
1974	1.5
1975	1.4
1976	1.6
1977	1.7
1978	1.9
1979	2.0
1980	1.7
1981	1.7
1982	2.0
1983	2.1
1984	2.3
1985	2.5
1986	2.9
1987	3.1
1988	3.4
1989	3.6
1990	3.4
1991	3.1
1992	3.2
1993	3.7
1994	4.1
1995	4.1
1996	4.3
1997	4.9
1998	5.3
1999	6.0
2000	5.9
2001	5.9
2002	5.6
2003	5.9
2004	5.7
2005	5.9
2006	6.2
2007	6.1
2008	5.7
2009	5.8
2010	5.6
2011	5.5
2012	5.6
2013	6.5
2013	5.7
2014	6.5
2015	7.0
2016	7.7
2017	8.6
2017	8.1
2018	8.5
Mean	4.1
median	3.9
Sample variance	4.7960062893
standard deviation	2.1899786048
coefficient of variation	0.5348658736
range	7.6
percentiles
25th	1.925
50th	3.9
75th	5.875
Quintiles
1st	1.7
2nd	3.12
3rd	5.46
4th	5.9
5th	8.6
Skewness	0.2422340277
Source:	https://www.census.gov/library/publications/2019/demo/p60-266.html
	Table A-2

Percentage of wealthy Americans 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2013 2014 2015 2016 2017 2017 2018 1.1000000000000001 1 1.3 1.4 1.3 1.7 1.8 1.5 1.4 1.6 1.7 1.9 2 1.7 1.7 2 2.1 2.2999999999999998 2.5 2.9 3.1 3.4 3.6 3.4 3.1 3.2 3.7 4.0999999999999996 4.0999999999999996 4.3 4.9000000000000004 5.3 6 5.9 5.9 5.6 5.9 5.7 5.9 6.2 6.1 5.7 5.8 5.6 5.5 5.6 6.5 5.7 6.5 7 7.7 8.6 8.1 8.5

Percentage

https://www.census.gov/library/publications/2019/demo/p60-266.html

Business Statistics

Source: https://fred.stlouisfed.org/series/CP#0
observation_date	CP
1980	207.274
1981	206.310
1982	181.034
1983	197.468
1984	216.763
1985	208.039
1986	174.323
1987	218.088
1988	264.090
1989	264.982
1990	282.235
1991	311.504
1992	330.647
1993	350.898
1994	429.034
1995	490.802
1996	527.354
1997	572.125
1998	506.273
1999	538.501
2000	513.164
2001	518.939
2002	627.911
2003	756.378
2004	979.169
2005	1285.370
2006	1413.731
2007	1359.859
2008	1123.169
2009	1263.326
2010	1561.483
2011	1537.152
2012	1821.235
2013	1788.739
2014	1857.164
2015	1740.349
2016	1739.838
2017	1813.552
2018	1843.713
Mean	821.1
median	527.4
Sample variance	381179.473886677
standard deviation	617.3973387428
coefficient of variation	0.7519364967
range	1,682.8
percentiles
25th	273.6085
50th	527.354
75th	1386.7945
Quintiles
1st	245.6893
2nd	493.8963
3rd	730.68475
4th	1546.8841
5th	1857.16375
Skewness	0.583939406

Trend in Corporate Tax

CP 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 207.27375000000001 206.30975000000001 181.0335 197.46825000000001 216.76325 208.03925000000001 174.32300000000001 218.08824999999999 264.08999999999997 264.98174999999998 282.23525000000001 311.50425000000001 330.64675 350.89774999999997 429.0335 490.80225000000002 527.35400000000004 572.12450000000001 506.27249999999998 538.50075000000004 513.16425000000004 518.93899999999996 627.91075000000001 756.37824999999998 979.16875000000005 1285.3697500000001 1413.7304999999999 1359.8585 1123.1692499999999 1263.3254999999999 1561.4829999999999 1537.1514999999999 1821.23525 1788.739 1857.1637499999999 1740.3485000000001 1739.838 1813.55225 1843.713

Labor Statistics

Source: https://data.bls.gov/pdq/SurveyOutputServlet
Year	Unemployment
1980	7.2
1981	7.6
1982	9.7
1983	9.6
1984	7.5
1985	7.2
1986	7
1987	6.2
1988	5.5
1989	5.3
1990	5.6
1991	6.9
1992	7.5
1993	6.9
1994	6.1
1995	5.6
1996	5.4
1997	4.9
1998	4.5
1999	4.2
2000	4
2001	4.7
2002	5.8
2003	6
2004	5.5
2005	5.1
2006	4.6
2007	4.6
2008	5.8
2009	9.3
2010	9.6
2011	8.9
2012	8.1
2013	7.4
2014	6.2
2015	5.3
2016	4.9
2017	4.4
2018	3.9
SUMMARY OUTPUT
Regression Statistics
Multiple R	0.2870467181
R Square	0.0823958184
Adjusted R Square	0.0575957054
Standard Error	1.5954810899
Observations	39
ANOVA
	df	SS	MS	F	Significance F
Regression	1	8.4573603239	8.4573603239	3.3223968908	0.0764309813
Residual	37	94.1857165992	2.5455599081
Total	38	102.6430769231
	Coefficients	Standard Error	t Stat	P-value	Lower 95%	Upper 95%	Lower 95.0%	Upper 95.0%
Intercept	88.9808906883	45.3782625908	1.9608703729	0.0574543907	-2.9642022478	180.9259836244	-2.9642022478	180.9259836244
X Variable 1	-0.0413765182	0.0227001218	-1.8227443295	0.0764309813	-0.0873713335	0.004618297	-0.0873713335	0.004618297

Unemployment Rate (%)

unemployment rate (%) 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 7.2 7.6 9.6999999999999993 9.6 7.5 7.2 7 6.2 5.5 5.3 5.6 6.9 7.5 6.9 6.1 5.6 5.4 4.9000000000000004 4.5 4.2 4 4.7 5.8 6 5.5 5.0999999999999996 4.5999999999999996 4.5999999999999996 5.8 9.3000000000000007 9.6 8.9 8.1 7.4 6.2 5.3 4.9000000000000004 4.4000000000000004 3.9

Unemployment rate (%)

Government

Government spending varies across agencies
Source: https://www.whitehouse.gov/omb/historical-tables/				Source: https://www.whitehouse.gov/omb/historical-tables/
Year	Department of Agriculture	Department of Commerce	Department of Defense--Military Programs	Department of Education	Department of Energy	Department of Health and Human Services
1980	912	75451	7087	567	7260	4472
1981	976	91691	7862	641	11756	4456		SUMMARY OUTPUT
1982	1099	109418	8520	710	11656	3944
1983	1055	115366	29854	787	10590	4552		Regression Statistics
1984	1193	139911	17651	866	10990	4936		Multiple R	0.9924716754
1985	1309	163688	16793	966	10586	4804		R Square	0.9850000265
1986	1536	178076	19316	1071	11025	4774		Adjusted R Square	0.9821875315
1987	1547	178684	16524	1180	10692	5037		Standard Error	1.5217164354
1988	1644	200406	18113	1342	11165	5138		Observations	39
1989	1736	227402	18709	1499	11386	5194
1990	1821	253915	17276	1646	12083	5814		ANOVA
1991	2064	274606	19008	1997	12472	6082			df	SS	MS	F	Significance F
1992	2230	291005	24943	2308	15515	6531		Regression	6	4865.9001308889	810.9833551482	350.2228502703	9.7676439131373E-28
1993	2429	296825	28143	2628	16933	6879		Residual	32	74.0998691111	2.3156209097
1994	2605	305550	31164	2677	17830	7064		Total	38	4940
1995	2814	346875	31037	2903	17608	7479
1996	2988	362862	30694	3059	16195	6776			Coefficients	Standard Error	t Stat	P-value	Lower 95%	Upper 95%	Lower 95.0%	Upper 95.0%
1997	3093	377491	34309	3259	14458	6763		Intercept	1980.0244291455	1.8580876992	1065.6248518172	2.21229689336129E-74	1976.2396283727	1983.8092299182	1976.2396283727	1983.8092299182
1998	3143	389005	37542	3459	14414	7222		Department of Agriculture	0.0020469041	0.0013258851	1.5438020226	0.1324691666	-0.0006538355	0.0047476437	-0.0006538355	0.0047476437
1999	3246	385045	40021	3789	15879	7783		Department of Commerce	0.0000113106	0.0000051082	2.2142226481	0.0340584168	0.0000009056	0.0000217156	0.0000009056	0.0000217156
2000	3448	390524	45121	4057	14971	7998		Department of Defense--Military Programs	-0.0000065257	0.0000165591	-0.3940846611	0.696132525	-0.0000402554	0.0000272041	-0.0000402554	0.0000272041
2001	3662	388268	40007	4381	16319	7743		Department of Education	0.0024861241	0.0014181654	1.7530565036	0.0891688582	-0.0004025843	0.0053748325	-0.0004025843	0.0053748325
2002	4155	371187	45816	4828	17669	9739		Department of Energy	-0.000228142	0.0001758491	-1.2973734956	0.2037783504	-0.0005863348	0.0001300509	-0.0005863348	0.0001300509
2003	4690	368256	46333	5127	19379	9193		Department of Health and Human Services	0.0001708635	0.0004968616	0.3438855882	0.7331817974	-0.0008412104	0.0011829375	-0.0008412104	0.0011829375
2004	5092	375844	49008	5389	19892	8606
2005	5403	410240	54556	5547	21271	9292
2006	5510	464675	53252	5823	19649	9037
2007	5488	490589	54917	6006	20116	10469
2008	5785	548797	58602	6347	21400	9817
2009	5958	701775	78657	6645	23683	11775
2010	6719	444338	70758	7181	30778	13164
2011	7146	538707	155316	7293	31371	13519
2012	7255	464714	188241	7227	32484	12891
2013	7417	399068	109849	7063	24731	9607
2014	7053	446897	81184	6893	23638	11279
2015	6837	485623	87359	7137	25424	12340
2016	6902	526116	93240	7499	25860	12583
2017	7215	546397	93328	7569	25800	12154
2018	7167	629472	87863	7778	26482	13212