In this question you will replicate Figures 3, 4, and 5 from the "Money Growth and Inflation" lecture slides. Download a file called qtyTheoryData.csv by visiting: https://www.briancjenkins.com/data/quantitytheory.html

and find the link to "All income levels". Right-click the link and choose "save link as..." to download the file. The file contains data on long-run average money growth, price level growth (inflation), and real GDP growth for about 178 countries. Use a computer program like MS Excel, Numbers for Mac, or Google Sheets to answer the following:

Q1.1

1 Point

Identify which ten countries had the highest rates of inflation.

Choice 1 of 178:

Albania

Choice 2 of 178:

Algeria

Choice 3 of 178:

Angola

Choice 4 of 178:

Antigua and Barbuda

Choice 5 of 178:

Argentina

Choice 6 of 178:

Armenia

Choice 7 of 178:

Aruba

Choice 8 of 178:

Australia

Choice 9 of 178:

Austria

Choice 10 of 178:

...

Q1.2

1 Point

Identify which ten countries had the highest rates of money growth.

Q1.3

1 Point

How many countries were among the ten with the highest inflation rates and among the ten with the highest rates of money growth?

Enter your answer as an integer.

Q1.4

4 Points

Using the complete data set qtyTheoryData.csv, construct a well-labeled scatter plots of inflation against money growth.

Your plot should clearly indicate what is being measured on the horizontal and vertical axes and should have a clear and easy-to-read title.

Upload an image of your answer as a jpeg, png, or pdf file.

Q1.5

4 Points

Using the complete data set qtyTheoryData.csv, construct a well-labeled scatter plots of real GDP growth against inflation.

Your plot should clearly indicate what is being measured on the horizontal and vertical axes and should have a clear and easy-to-read title.

Upload an image of your answer as a jpeg, png, or pdf file.

Q1.6

4 Points

Using the complete data set qtyTheoryData.csv, construct a well-labeled scatter plots of real GDP growth against money growth.

Your plot should clearly indicate what is being measured on the horizontal and vertical axes and should have a clear and easy-to-read title.

Upload an image of your answer as a jpeg, png, or pdf file.