As a senior staff member of the Reserve Bank of Australia {REA} you are invited to discuss long run economic growth around the world. In particular. you are concerned about the growth rates starting in 199-0I (including 199-9I in your calculations) for a large group of countries. In your report you need to address the following questions: 1. \"'hich country had the highest GDP percapita in 2921? Which country had the lowest? \"That was the value for Australia? 2. Which country had the highest average growth rate of GDP percapita in the last 11 years from 2029 (Le. from 2910 until 2020 inclusive}? Notice that some countries may not have enough data to obtain this information. Ignore these cases. Hint: pay close attention to the formula discussed in the textbook to calculate average growth rates. 3. Using the average growth rate of the country you found in part (2). calculate how many years the country with the smallest GDP percapita would take to \"catch up" to the level of GDP per capita of the highest country. Arsume that the country with the highest GDP per capita does not grow at all in this period. Round your answer to the highest integer. :1. Calculate the answer to part {3] if the country with the highest GDP percapita grows at {15% pa. \"rht about if the growth rate is 9.9%? Round your answers to the highest integer. 5. Would you say the 9.9 percentage point difference from {3} to {4) in the average growth rate is an import ant difference? as a policymaker interested in improving the standard of living of the ones you govern. which of these two rates would you prefer? ti. Using the dataset. replicate figure {3.5} of the textbook for Australia. Make sure to use all the years from 199-9I onwards. To prepare your report. you are advised to visit the \"Ford Bank's website {https:Ig'lg'data.1:u.'orldbank.org.gI } and collect data on GDP per capita {PPP. constant 2917 international S) for all countries in their dataset. Make sure to collect data for all years they have available. Download the data on Microsoft Excel\":I {or equivalent} and remove all years until 1989 {keep 1990 onwards). The dataset comes with a few extra information on regions and other administrative regions at the very bottom (e.g.. Arab countries. Low Income. Euro Area). Be mindful of those when answering the following questions. Note: you do not need to prepare a report. just answer the questions but