Question: B . Please refer to the Excel spread sheet 2 to answer the following question. Sheet 2 displays Nominal GDP , GDP deflator and Money

B. Please refer to the Excel spread sheet 2 to answer the following question. Sheet 2 displays Nominal GDP, GDP deflator and Money supply for 8 national macroeconomies.
\table[[variable,year,United States,Australia,Chile,Denmark,India,Philippines,Sweden,Trkive],[nominal GDP,1970,1.07E+12,3.69E+10,1.03E+08,1.28E+11,4.68E+11,4.46E+10,1.97E+11,1.97E+05],[nominal GDP,2019,2.14E+13,1.95E+12,1.96E+14,2.31E+12,2.01E+14,1.95E+13,5.05E+12,4.31E+12],[,,,,,,,,,],[money supply,1970,7.01958E+11,15698000000,15003000,54385000000,1.00062E+11,9789900000,98876000000,44553],[money supply,2019,1.98815 E +13,2.39404E+12,1.64937E+14,1.44253E+12,1.54761E+14,1.49501E+13,3.74119E+12,2.5377E+12],[GDP deflator,1970,20.69283734,8.040865594,0.000348724,14.3421018,4.298178476,1.798149173,11.91056838,9.50E-05],[GDP deflator,2019,107.2858785,95.61202387,102.578359,103.2727932,138.2950837,100.6970763,108.8830239,243.5653336],[real GDP (2015 $$$),1970,5.18683E+12,3.36295E+11,40600649652,1.32721E+11,2.01529E+11,50739197210,1.9615E+11,1.16364E+11
B . Please refer to the Excel spread sheet 2 to

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!