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).
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).
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 |
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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