By letting the GDP (gross domestic product) be the dependent variable (y), and theyear (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 fromthe graphs (identify any unusual points, if any, and observe the trend line). Compare theresults of the GDP in these two countries.(Pls refer to the table and line graph in the image attached below)(When interpreting the data, please do not use general knowledge such as recessionshappening in the specific year. Just interpret based on the trend of the line graph anduse statistical knowledge to interpret the data such as consistency, deviation)Ethiopia (GDP)1.2E+111E+118E+106E+104E+102E+1004.5E+124E+123.5E+123E+122.5E+122E+121.5E+1E+125E+1102002 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 Years20022003200420052006200720082009201020112012201320142015201620172018201920202021Ethiopia (GDP)Germany (GDP)7850809498.172078484517474.518623691300.04 2501640388482.3510131187261.442814353869359.0812401139453.972846864211175.1015280861834.60 2994703642023.5319707616772.80 3425578382921.5827066912635.22 3745264093617.1932437389116.04 3411261212652.3429933790334.34 3399667820000.0131952763089.33 3749314991050.5943310721414.08 3527143188785.1647648211133.223733804649549.0355612228233.52 3889093051023.5264589334978.803357585719351.5674296618481.09 3469853463945.5381770791970.98 3690849152517.6584269348327.35 3974443355019.6095912590628.14 3888226035921.56107657734392.45 3889668895299.62111271112329.98 4259934911821.64

GDP acts as a crucial metric for measuring the size and strength of a country's economy. Economic…

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)

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)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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