The text Web site provides data on 82 countries from a 2002 study on government bank ownership. For each country, the data include
(a) the percentage of bank assets at government-owned banks in 1970,
(b) the average growth rate of bank loans as a percentage of GDP from 1960 to 1995,and
(c) the average growth rate of real GDP per person from 1960 to 1995.
a. Make a graph with variable (a) on the horizontal axis and variable (b) on the vertical axis and plot each country. What might explain the relationship between these variables?
b. Make a graph with (a) on the horizontal axis and (c) on the vertical axis. What might explain the relationship between these variables?