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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?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9173546

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