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6. Assume that you in charge of the Central Bank (BOT). You are given the following information on macro- economic variable, quantity of money
6. Assume that you in charge of the Central Bank (BOT). You are given the following information on macro- economic variable, quantity of money (M) and Gross Domestic Product (GDP) in million (TShs) Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 M 9 10 8 7 10 4 5 5 6 7 GDP 6 8 8 7 7 12 9 8 9 10 i. What kind of a data set is being used in this analysis? ii. Plot these data on a scatter diagram. What does the scatter diagram reveal?
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