1. Suppose the following table shows the values, in billions of Australian dollars, of different forms of money in the Australian economy. (1)Use the table to calculate the M1 and M2 money supplies for each year, as well as the growth rates of the M1 and M2 money supplies from the previous year. (10 points) (2) Why are the growth rates of M1 and M2 so different? Explain. (5 points) 1Consider the percentage changes from year ago as a unit of measurement for CPI 2017 2018 2019 2020 A. Currency 900 920 925 931 B. Current (cheque) deposits 680 681 679 688 C. Saving account deposits 5,500 5,780 5,968 6,105 D. Money mrket deposit accounts 1,214 1,245 1,274- 1,329 E. Demand deposits 1,000 972 980 993 E Small denomination time deposits 830 861 1,123 1,566 G. Travelers checks '1- 4- 3 2 H. Three-month Amman treasury bills 1,986 2,374 2 ,+35 2,502