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Source: Economic Report of the President, 1997. Table citations below refer to the source document.

1CLFPRM, Civilian labor force participation rate, male (%), Table B-37, p. 343.

2CLFPRF, Civilian labor force participation rate, female (%), Table B-37, p. 343.

3UNRM, Civilian unemployment rate, male (%) Table B-40, p. 346.

4UNRF, Civilian unemployment rate, female (%) Table B-40, p. 346.

5AHE82, Average hourly earnings (1982 dollars), Table B-45, p. 352.

6AHE, Average hourly earnings (current dollars), Table B-45, p. 352.

Source: Economic Report of the President, 1997. Table citations below refer to the source document.

1CLFPRM, Civilian labor force participation rate, male (%), Table B-37, p. 343.

2CLFPRF, Civilian labor force participation rate, female (%), Table B-37, p. 343.

3UNRM, Civilian unemployment rate, male (%) Table B-40, p. 346.

4UNRF, Civilian unemployment rate, female (%) Table B-40, p. 346.

5AHE82, Average hourly earnings (1982 dollars), Table B-45, p. 352.

6AHE, Average hourly earnings (current dollars), Table B-45, p. 352.

56 PART ONE: SINGLE-EQUATION REGRESSION MODELS

a. Plot the male civilian labor force participation rate against male civilian unemployment rate. Eyeball a regression line through the scatter points. A priori, what is the expected relationship between the two and what is the underlying economic theory? Does the scattergram support the theory?

b. Repeat part a for females.

c. Now plot both the male and female labor participation rates against average hourly earnings (in 1982 dollars). (You may use separate diagrams.) Now what do you find? And how would you rationalize your finding?

d. Can you plot the labor force participation rate against the unemployment rate and the average hourly earnings simultaneously? If not, how would you verbalize the relationship among the three variables?

2.15. Table 2.8 gives data on expenditure on food and total expenditure, measured in rupees, for a sample of 55 rural households from India. (In early 2000, a U.S. dollar was about 40 Indian rupees.)

TABLE 2.8 FOOD AND TOTAL EXPENDITURE (RUPEES)

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