Statistics New Zealand Website Infoshare - RGDP Grow - Economics Assignment Help

Assignment Task :

Part 1  
This part uses data that you need to find on the Statistics New Zealand website Infoshare   Instructions for finding Part 1 data.pdf on how to download these data.
Using the StatsNZ nominal GDP (NGDP), real GDP (RGDP) and resident population data (RPop) you have downloaded, complete the following. You may wish to enter this data into the Part 1 data sheet in the Econ141 20-1 assignment data Excel file.
1. Graph the two GDP series you have downloaded - make sure to label both. Place GDP on the vertical axis and time on the horizontal axis.
2. (i) How much did NGDP grow between 2004 and 2020?
(ii) How much did real RGDP grow between 2004 and 2020?
3. If one grew more than the other what does this mean? Explain in 50 words or less.
4. Using the resident population data, calculate RGDP per capita for each year from 2004-2011. 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?

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