2 page essay "Oil price changes and the impact on the economy"
asksunidotcom
Due Tuesday November 12, 2019 by Noon PST
You will research oil price changes and the impact on the economy. Start your research by retrieving historical data (1980-2016) on oil price and growth rate of real gross domestic product (GDP) from FRED (St. Louis Federal Reserve) https://fred.stlouisfed.org/.
Use the real GDP percentage change from the preceding period, the seasonally adjusted annual rate (A191RL1Q225SBEA), and the Global Price of West Texas Intermediate (POILWTIUSDQ). https://fred.stlouisfed.org/.
In addition, review articles on topics related to oil prices and the impact on the economy. Analyze the data you retrieve to determine the relationship between oil price and real GDP growth rate.
Write a minimum (2) two-page paper (not including the title and reference page) APA format, that will include a graph displaying information on oil price and real GDP. You can use Excel or the graphing tool available in FRED to draw your graph. In addition, you will include information concerning the following subjects:
◾Briefly explain the relationship between oil price and real GDP as displayed in your graph.
◾What are demand factors that led to the reduction of oil prices in recent years?
◾What are supply factors that led to the reduction?
◾What do you predict will happen to oil prices in the future?
SafeAssign Will be used to check for originality
- 4 years ago
- 15
Purchase the answer to view it
- OilPriceChangesAndTheImpactOnTheEconomy.docx
- Describe an example of a very poorly implemented database that you've encountered (or read about) that illustrates the potential for really messing things up.
- Research Paper#2
- ACCOUNT3
- City Council Budget Proposal Outline
- Can anyone make the presentation on the sustainability report of Apple company ?
- FINA 6240 Week 1
- operation decision
- Compliance Program Need by 10 a.m. on due date requested
- Assignment for John Expert only
- MIS Discussion - Data/Information