Assignment 2: QuestionsPlot openness versus Industrial Pay Inequality (from UTIP

Assignment 2: QuestionsPlot openness versus Industrial Pay Inequality (from UTIP-UNIDO) for the nation. IT’S UP TO YOU TO FIGURE OUT HOW TO DO THIS. (10 marks)
Calculate the correlation (using excel) between openness and Industrial Pay Inequality (from UTIP-UNIDO). Report and interpret this relationship in approximately 300 words. [Hint: Correlation can be calculated using the CORREL function: https://support.office.com/en-us/article/correl-function-995dcef7-0c0a-4bed-a3fb-239d7b68ca92. The Theil Index is used as a proxy for the ratio of skilled to unskilled wages in empirical studies]. DO NOT ATTACH YOUR DATA TO THE ASSIGNMENT. (10 marks)
Explain carefully in approximately 500 words whether your data agrees or disagrees with the Stolper-Samuelson Theorem. (Remember to accurately define the theorem and discuss how it applies to your countries). (7 marks).
Conclusion: In 200 words explain how comparative advantage is linked to inequality in the country that you’re studying? (5 marks).
PFA assignment instructions & guidelines. For the country of choice please use China.
No need calculation part . It is already done
Requirements: 800 words

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