Using data for Mexico and Argentina economics homework help

Using data for Mexico and Argentina economics homework help

Using data for Mexico and Argentina, calculate the correlation coefficient (using CORREL command in excel) between Openness and the GINI Index for each nation. Report and interpret this relationship in up to 100 words. [Hint: the GINI is often used as a proxy for the ratio of skilled to unskilled wages in empirical studies]. (5 marks)