Hypothetically, suppose our resistance in part I was 200 ohms. Quantitatively calculate the impact of a 1 Ohm ammeter resistance and a 1 megaohm voltmeter resistance (rather than ideal circumstances). Based on the uncertainties in our experiment, are these systemic errors likely to be relevant?

Yes, the errors are likely to be relevant

Explanation:

A systematic error occurs as a result of the instrument used in carrying out and experiment. These errors are a result of small fluctuations in the measurement properties of the instrument. This happens when the instrument departs from non-ideal situations, for example as a result of physical expansion or change in temperature. For instance, let the resistance be measured to be up to 10 Ω ± 1 Ω

The error of the resistance, ε = 0.01Ω

current and voltage can both be different in different parts of a circuit so it matters where you place the ammeter and voltmete

answer; equivalent to a one(1) horsepower motor;