Question: [1 mark each; 5 marks total] art uses data that you need to find on the Statistics New Zealand website are (http:/ /archive.stats.govt.nz/infoshare/). Refer to

 [1 mark each; 5 marks total] art uses data that you

[1 mark each; 5 marks total] art uses data that you need to find on the Statistics New Zealand website are (http:/ /archive.stats.govt.nz/infoshare/). Refer to the separate file actions for finding Part 1 data.pdfon how to download these data. the StatsNZ nominal GDP (NGDP ), real GDP (RGDP ) and resident population Pop) you have downloaded, complete the following. You may wish to enter this to the Part 1 data sheet in theEcon141 20-1 assignment data Excel file . raph the two GDP series you have downloaded - make sure to label both. Place :DP on the vertical axis and time on the horizontal axis. (i) How much did NGDP grow between 2004 and 2020? (ii) How much did real RGDP grow between 2004 and 2020? grew more than the other what does this mean ? Explain in 50 words or less ing the resident population data , calculate RGDP per capita for each year from 004-2011. Given this, answer the following questions: (i) In percentage terms, how much did RGDP per capita grow per annum on average between 2004 and 2008? (ii) What about 2008 to 2011? Iint: the average growth rate per annum equals GDP in the final year Number of years GDP in the initial year 1. ] ssume that RGDP per capita in NZ typically grows at about 1.3% p.a. normally. iscuss the differences in RGDP per capita growth in the 2004 -2008 and 2008 -2011 eriods in terms of our concept of booms and busts. Do this in 100 words or less

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