EconomicsTable 1the same table is also downloadable in an excel fileCanadian GDPUnitYearNominal US$PPP constant 2017 international $20111793326630174.521573517168753.8420121828366481521.601601246043121.2220131846597421834.981638541025091.3620141805749878439.941685567743622.6420151556508816217.141696678616208.21 Use Table 1 to calculate the simple growths of Canadian GDP in the unit of Nominal US$ and report the growths from 2013-2014, and from 2014-2015. Express your answer in percentage and round to 2 decimal places.Use Table 1 again to calculate the natural log growths of GDP in the unit of PPP constant 2017 international $ and report the growths from 2013-2014, and from 2014-2015. Express your answer in percentage and round to 2 decimal places.Calculate the correlation coefficient between Nominal US$ and PPP international $ (round your answer to 3 decimal places).Regress the GDP denoted in the Nominal US$ (denoted as Yt) on the GDP denoted in the PPP international $ (denoted as Xt). The regression model looks Yₓ=α+βₓ Report the value of β and α (round to 2 decimal places).

1. Growth rate in GDP=([GDPt-GDPt-1]/GDPt-1)*100 Growth rate in 2013-2014=([Nominal US$2014-Nominal…

Answered: Use Table 1 to calculate the simple…

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter5: Business And Economic Forecasting

Section: Chapter Questions

Problem 1.1CE

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Economics

Table 1 the same table is also downloadable in an excel file
Canadian GDP	Unit
Year	Nominal US$	PPP constant 2017 international $
2011	1793326630174.52	1573517168753.84
2012	1828366481521.60	1601246043121.22
2013	1846597421834.98	1638541025091.36
2014	1805749878439.94	1685567743622.64
2015	1556508816217.14	1696678616208.21

Use Table 1 to calculate the simple growths of Canadian GDP in the unit of Nominal US$ and report the growths from 2013-2014, and from 2014-2015. Express your answer in percentage and round to 2 decimal places.
Use Table 1 again to calculate the natural log growths of GDP in the unit of PPP constant 2017 international $ and report the growths from 2013-2014, and from 2014-2015. Express your answer in percentage and round to 2 decimal places.
Calculate the correlation coefficient between Nominal US$ and PPP international $ (round your answer to 3 decimal places).
Regress the GDP denoted in the Nominal US$ (denoted as Yt) on the GDP denoted in the PPP international $ (denoted as Xt). The regression model looks Yₓ=α+βₓ Report the value of β and α (round to 2 decimal places).

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