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Discuss how does the GDP relate to CPI, and how the GDP and CPI contribute to inflation. Write a short report with NO more than 400 words. You should relate the findings based on the line graphs & charts for Ethiopia and Germany, attached in the images.

Discuss how does the GDP relate to CPI, and how the GDP and CPI contribute to inflation. Write a short report with NO more than 400 words. You should relate the findings based on the line graphs & charts for Ethiopia and Germany, attached in the images.

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
ChapterD: The Expenditure-output Model
Section: Chapter Questions
Problem 19CTQ: Exercise D19 What does it mean when the aggregate expenditure line crosses the 45-degrss line? In...
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Discuss how does the GDP relate to CPI, and how the GDP and CPI contribute to inflation. Write a short report with NO more than 400 words. You should relate the findings based on the line graphs & charts for Ethiopia and Germany, attached in the images.

 

Line Graph for Ethiopia (CPI) CPI 600 CPI 500 400 300 200 100 0 Line Graph for Germany (CPI) 120 115 110 105 100 95 90 85 80 75 70 ANOVA 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Years SUMMARY OUTPUT Summary Output for Ethiopia (CPI) Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations Regression Residual Total The CPI of Ethiopia from the Year 2002 to Year 2021 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Years Intercept X Variable 1 (Ethiopia) df 0.942689 0.888663 0.882478 2.028119 The CPI of Germany from the Year 2002 to Year 2021 20 SS 1 18 19 MS 590.9612 590.9612 143.672 74.0388 4.113267 665 F Significance F 5.14E-10 Coefficients Standard Errort Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% 2004.156 0.762275 2629.177 1.02E-51 2002.555 2005.757 2002.555 2005.757 0.035993 0.051292 0.035993 0.051292 0.043642 0.003641 11.98632 5.14E-10
Transcribed Image Text:Line Graph for Ethiopia (CPI) CPI 600 CPI 500 400 300 200 100 0 Line Graph for Germany (CPI) 120 115 110 105 100 95 90 85 80 75 70 ANOVA 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Years SUMMARY OUTPUT Summary Output for Ethiopia (CPI) Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations Regression Residual Total The CPI of Ethiopia from the Year 2002 to Year 2021 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Years Intercept X Variable 1 (Ethiopia) df 0.942689 0.888663 0.882478 2.028119 The CPI of Germany from the Year 2002 to Year 2021 20 SS 1 18 19 MS 590.9612 590.9612 143.672 74.0388 4.113267 665 F Significance F 5.14E-10 Coefficients Standard Errort Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% 2004.156 0.762275 2629.177 1.02E-51 2002.555 2005.757 2002.555 2005.757 0.035993 0.051292 0.035993 0.051292 0.043642 0.003641 11.98632 5.14E-10
Line Graph for Ethiopia (GDP) GDP GDP 1.2E+11 1E+11 8E+10 6E+10 AN OVA 4E+10 2E+10 Line Graph for Germany (GDP) 0 4.5E+12 4E+12 3.5E+12 3E+12 2.5E+12 2E+12 1.5E+12 1E+12 5E+11 0 Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations Regression Residual Total SUMMARY OUTPUT (Ethiopia) Intercept X Variable 1 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Summary Output for Ethiopia (GDP) 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Years 0.977075562 0.954676654 0.952158691 1.294003797 The GDP of Ethiopia from the Year 2002 to Year 2021 df 20 1 18 19 SS The GDP of Germany from the Year 2002 to Year 2021 634.86 30.14002 665 MS 0.506837 8.65E-12 634.86 1.674446 Coefficients Standard Errort Stat 2003.397323 1.69E-10 Years 3952.748 19.47168 379.1463 P-value 6.63E-55 1.53E-13 Significance F 1.53E-13 Lower 95% Upper 95% 2002.332 1.50E-10 2004.462 1.87E-10 Lower 95.0% Upper 95.0% 2002.332 2004.462 1.50E-10 1.87E-10
Transcribed Image Text:Line Graph for Ethiopia (GDP) GDP GDP 1.2E+11 1E+11 8E+10 6E+10 AN OVA 4E+10 2E+10 Line Graph for Germany (GDP) 0 4.5E+12 4E+12 3.5E+12 3E+12 2.5E+12 2E+12 1.5E+12 1E+12 5E+11 0 Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations Regression Residual Total SUMMARY OUTPUT (Ethiopia) Intercept X Variable 1 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Summary Output for Ethiopia (GDP) 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Years 0.977075562 0.954676654 0.952158691 1.294003797 The GDP of Ethiopia from the Year 2002 to Year 2021 df 20 1 18 19 SS The GDP of Germany from the Year 2002 to Year 2021 634.86 30.14002 665 MS 0.506837 8.65E-12 634.86 1.674446 Coefficients Standard Errort Stat 2003.397323 1.69E-10 Years 3952.748 19.47168 379.1463 P-value 6.63E-55 1.53E-13 Significance F 1.53E-13 Lower 95% Upper 95% 2002.332 1.50E-10 2004.462 1.87E-10 Lower 95.0% Upper 95.0% 2002.332 2004.462 1.50E-10 1.87E-10
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