Relationship between prices of oil also level of real gdp

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Reference no: EM1323169

Q. Go to the OPEC Web site, www.opec.org also fined the present "OPEC basket price" of oil. By clicking on which amount, you will find the yearly prices of oil for the past 5 yrs. By illustrate what percent (%)age is the present price higher or lower than 5 yrs ago?

Next, utilize the interactive feature to find U.S. real GDP for the past yrs. By illustrate what percent (%)is real GDP higher or lower than it was 5 yrs ago? Illustrate what if, anything cans you conclude about the relationship between the prices of oil also the level of real GDP in the United States?

Reference no: EM1323169

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