Question: using this equation Y t = 0 + 1 + Z t + , to analyze the relationship between inflation and economic growth base on
using this equation Yt =0 +1 + Zt+, to analyze the relationship between inflation and economic growth base on the table below.
| Country: TONGA | ||
| Inflation % | Real GDP % | |
| 2011 | 6.270753 | 6.818276144 |
| 2012 | 1.1475385 | 0.823102718 |
| 2013 | 0.7756293 | 0.312307909 |
| 2014 | 2.5108763 | 2.01870046 |
| 2015 | -1.054 | 1.171888 |
| 2016 | 2.578155 | 6.571001 |
| 2017 | 7.517063 | 3.322433 |
| 2018 | 5.032097 | 0.300009 |
| 2019 | 1.179543 | 0.73403 |
| 2020 | -0.34974 | 0.654699 |
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