GDP

Data:

	country GDP LFG EQP NEQ GAP
   Argentin  0.0089 0.0118 0.0214 0.2286 0.6079
   Austria   0.0332 0.0014 0.0991 0.1349 0.5809
   Belgium   0.0256 0.0061 0.0684 0.1653 0.4109
   Bolivia   0.0124 0.0209 0.0167 0.1133 0.8634
   Botswana  0.0676 0.0239 0.1310 0.1490 0.9474
   Brazil    0.0437 0.0306 0.0646 0.1588 0.8498
   Cameroon  0.0458 0.0169 0.0415 0.0885 0.9333
   Canada    0.0169 0.0261 0.0771 0.1529 0.1783
   Chile     0.0021 0.0216 0.0154 0.2846 0.5402
   Colombia  0.0239 0.0266 0.0229 0.1553 0.7695
   CostaRic  0.0121 0.0354 0.0433 0.1067 0.7043
   Denmark   0.0187 0.0115 0.0688 0.1834 0.4079
   Dominica  0.0199 0.0280 0.0321 0.1379 0.8293
   Ecuador   0.0283 0.0274 0.0303 0.2097 0.8205
   ElSalvad  0.0046 0.0316 0.0223 0.0577 0.8414
   Ethiopia  0.0094 0.0206 0.0212 0.0288 0.9805
   Finland   0.0301 0.0083 0.1206 0.2494 0.5589
   France    0.0292 0.0089 0.0879 0.1767 0.4708
   Germany   0.0259 0.0047 0.0890 0.1885 0.4585
   Greece    0.0446 0.0044 0.0655 0.2245 0.7924
   Guatemal  0.0149 0.0242 0.0384 0.0516 0.7885
   Honduras  0.0148 0.0303 0.0446 0.0954 0.8850
   HongKong  0.0484 0.0359 0.0767 0.1233 0.7471
   India     0.0115 0.0170 0.0278 0.1448 0.9356
   Indonesi  0.0345 0.0213 0.0221 0.1179 0.9243
   Ireland   0.0288 0.0081 0.0814 0.1879 0.6457
   Israel    0.0452 0.0305 0.1112 0.1788 0.6816
   Italy     0.0362 0.0038 0.0683 0.1790 0.5441
   IvoryCoa  0.0278 0.0274 0.0243 0.0957 0.9207
   Jamaica   0.0055 0.0201 0.0609 0.1455 0.8229
   Japan     0.0535 0.0117 0.1223 0.2464 0.7484
   Kenya     0.0146 0.0346 0.0462 0.1268 0.9415
   Korea     0.0479 0.0282 0.0557 0.1842 0.8807
   Luxembou  0.0236 0.0064 0.0711 0.1944 0.2863
   Madagasc -0.0102 0.0203 0.0219 0.0481 0.9217
   Malawi    0.0153 0.0226 0.0361 0.0935 0.9628
   Malaysia  0.0332 0.0316 0.0446 0.1878 0.7853
   Mali      0.0044 0.0184 0.0433 0.0267 0.9478
   Mexico    0.0198 0.0349 0.0273 0.1687 0.5921
   Morocco   0.0243 0.0281 0.0260 0.0540 0.8405
   Netherla  0.0231 0.0146 0.0778 0.1781 0.3605
   Nigeria  -0.0047 0.0283 0.0358 0.0842 0.8579
   Norway    0.0260 0.0150 0.0701 0.2199 0.3755
   Pakistan  0.0295 0.0258 0.0263 0.0880 0.9180
   Panama    0.0295 0.0279 0.0388 0.2212 0.8015
   Paraguay  0.0261 0.0299 0.0189 0.1011 0.8458
   Peru      0.0107 0.0271 0.0267 0.0933 0.7406
   Philippi  0.0179 0.0253 0.0445 0.0974 0.8747
   Portugal  0.0318 0.0118 0.0729 0.1571 0.8033
   Senegal  -0.0011 0.0274 0.0193 0.0807 0.8884
   Spain     0.0373 0.0069 0.0397 0.1305 0.6613
   SriLanka  0.0137 0.0207 0.0138 0.1352 0.8555
   Tanzania  0.0184 0.0276 0.0860 0.0940 0.9762
   Thailand  0.0341 0.0278 0.0395 0.1412 0.9174
   Tunisia   0.0279 0.0256 0.0428 0.0972 0.7838
   U.K.      0.0189 0.0048 0.0694 0.1132 0.4307
   U.S.      0.0133 0.0189 0.0762 0.1356 0.0000
   Uruguay   0.0041 0.0052 0.0155 0.1154 0.5782
   Venezuel  0.0120 0.0378 0.0340 0.0760 0.4974
   Zambia   -0.0110 0.0275 0.0702 0.2012 0.8695
   Zimbabwe  0.0110 0.0309 0.0843 0.1257 0.8875

Description:

National growth in GDP of 61 countries from 1960 to 1985.

Format:

- country
name of the country

- GDP
growth in gross domestic product per worker

- LFG
labor force growth

- EQP
equipment investment

- NEQ
nonequipment investment

- GAP
relative GDP gap


Task:

Model the GDP. Pay attention to the diagnostics and suitability of your final model.