Using the StatsNZ nominal GDP (NGDP), real GDP (RGDP) and resident populationdata (RPop) you have downloaded, complete the following. You may wish to enter thisdata into the Part 1 data sheet in theEcon141 20-1 assignment dataExcel file.1. Graph the two GDP series you have downloaded – make sure to label both. PlaceGDP on the vertical axis and time on the horizontal axis.2.(i) How much did NGDP grow between 2004 and 2020?(ii) How much did real RGDP grow between 2004 and 2020?3. If one grew more than the other what does this mean? Explain in 50 words or less.4. Using the resident population data, calculate RGDP per capita for each year from2004-2011. Given this, answer the following questions:(i) In percentage terms, how much did RGDP per capita grow per annum onaverage between 2004 and 2008?(ii) What about 2008 to 2011?[Hint: the average growth rate per annum equals(GDP in the final yearGDP in the initial year)1Number of years−1.]5. Assume that RGDP per capita in NZ typically grows at about 1.3% p.a. normally.Discuss the differences in RGDP per capita growth in the 2004-2008 and 2008-2011periods in terms of our concept of booms and busts. Do this in 100 words or less.Continued overpage. .
The post Using the StatsNZ nominal GDP (NGDP) appeared first on Homeworkaider.
What Students Are Saying About Us
.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐"Honestly, I was afraid to send my paper to you, but you proved you are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"
.......... Customer ID: 11***| Rating: ⭐⭐⭐⭐⭐
"This company is the best there is. They saved me so many times, I cannot even keep count. Now I recommend it to all my friends, and none of them have complained about it. The writers here are excellent."
"Order a custom Paper on Similar Assignment at essayfount.com! No Plagiarism! Enjoy 20% Discount!"
