Current-Dollar and Real Gross Domestic Product Quarterly (Seasonally adjusted annual rates) GDP in GDP in billions of billions of chained...

how to do Q1 and professor give us some number, i want to know how to get these number 

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BANKING WITH TRUST – QUESTIONSSitting down in your office, coffee in hand, you jot down some questions you think might come upduring the day’s discussions. Prepare a report, using the report guidelines from the coursewebsite, which incorporates the answers to these questions.Q. 1. How does the forecast for 2006 compare with the historical performance of the economy?The spreadsheet Bank of Trust, found on the course website, provides quarterly data fornominal and real GDP. Use this data set to compare the projected quarterly growth ratesof the economy during 2006 with the average since 1990 (which measure of GDP do youwant to use?). Does this explain why investors are concerned? Determine the rate ofinflation expected for 2006. Q. 2. Investors are expecting the Federal Reserve to take action. Discuss the strategy youexpect the Federal Reserve to follow and broadly what you predict it will do. You wouldwant to analyze the strategy using aggregate demand-aggregate supply. Of course, youalso want to be able to answer the question using less technical language. Q. 3. The Federal Reserve’s strategy will require changing the money supply. How does theFederal Reserve do this, and how (and why) does this affect interest rates ? Q. 4. If the Federal Reserve decides to act, how will that affect investors that deal with Bank ofTrust? Limit your answer to issues discussed in the case. Q. 5. One of the assertions is that changes in Federal Reserve policy can affect inflation. Dothe data support a connection between the rate of increase in the money supply andinflation? Using the data on the growth rate of M2 and inflation in your spreadsheet, runa regression of the rate of inflation on the rate of growth of the money supply. What doesthe coefficient on the money supply variable tell you? What is the meaning of the pvalue? Is the regression coefficient significant? Is faster money growth alwaysassociated with higher inflation?