Suppose that the government debt to GDP ratio is 1. The government has run out of available creditors to supply loans to cover its yearly deficit. Let GDP Y = 1 be constant for all time. The supply of central bank money in the 0th period is H₀ = 100 and the price level is P = 100. When the government prints money one year, it results in inflation in the next year.

(a) For years 1-5, fill out the table below with the growth rate of central bank money H/H required to keep the debt ratio from growing.

Table 1: Growth rate of H

Year	H	P	H/H
1		100
2		210
3		340
4		460
5		580