By letting the GDP (gross domestic product) be the dependent variable (y), and the year (2002 - 2021) bethe independent variable (x), answer the following question:Based on the line graph of the two countries, comment on the significant features from the graphs(identify any unusual points, if any, and observe the trend line). Compare the results of the GDP in thesetwo countries.(Pls refer to the table and line graph in the image attached below)GDP1.2E+111E+118E+106E+104E+102E+1004.5E+124E+123.5E+123E+122.5E+122E+121.5E+121E+125E+110Ethiopia (GDP)2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021YearsGermany (GDP)2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021Years YearsEthiopia (GDP)Germany (GDP)20027850809498.172078484517474.5120038623691300.04 2501640388482.35200410131187261.442814353869359.08200512401139453.972846864211175.102006200720082009201015280861834.60 2994703642023.5319707616772.80 3425578382921.5827066912635.22 3745264093617.1932437389116.04 3411261212652.3429933790334.34 3399667820000.0131952763089.33 3749314991050.5943310721414.08 3527143188785.1647648211133.22 3733804649549.0355612228233.52 3889093051023.5264589334978.80201120122013201420153357585719351.5620162017201874296618481.09 3469853463945.5381770791970.98 3690849152517.6584269348327.35 3974443355019.6095912590628.14 3888226035921.56107657734392.45 3889668895299.62201920202021 111271112329.98 4259934911821.64 |

Gross Domestic Product (GDP) is a measure of the total value of all final goods and services…

By letting the GDP (gross domestic product) be the dependent variable (y), and the year (2002 - 2021) be the independent variable (x), answer the following question: Based on the line graph of the two countries, comment on the significant features from the graphs (identify any unusual points, if any, and observe the trend line). Compare the results of the GDP in these two countries. (Pls refer to the table and line graph in the image attached below) GDP 1.2E+11 1E+11 8E+10 6E+10 4E+10 2E+10 0 4.5E+12 4E+12 3.5E+12 3E+12 2.5E+12 2E+12 1.5E+12 1E+12 5E+11 0 Ethiopia (GDP) 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Years Germany (GDP) 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Years

By letting the GDP (gross domestic product) be the dependent variable (y), and the year (2002 - 2021) be the independent variable (x), answer the following question: Based on the line graph of the two countries, comment on the significant features from the graphs (identify any unusual points, if any, and observe the trend line). Compare the results of the GDP in these two countries. (Pls refer to the table and line graph in the image attached below) GDP 1.2E+11 1E+11 8E+10 6E+10 4E+10 2E+10 0 4.5E+12 4E+12 3.5E+12 3E+12 2.5E+12 2E+12 1.5E+12 1E+12 5E+11 0 Ethiopia (GDP) 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Years Germany (GDP) 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Years

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter5: Gross Domestic Product

Section: Chapter Questions

Problem 4SQ

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