Oil price change | Economics homework help

You procure examination oil expense substitutes and the collision on the management. Start your examination by retrieving truthful grounds (1980-2016) on oil expense and development reprove of existent bulk domiciliary consequence (GDP) from FRED (St. Louis Federal Reserve) 

Use the existent GDP percentage substitute from the precedent epoch, the seasonally adjusted annual reprove (A191RL1Q225SBEA), and the Global Expense of West Texas Intermediate (POILWTIUSDQ). 

In union, revisal catechism on topics kindred to oil expenses and the collision on the management. Analyze the grounds you rescue to determine the interconnection between oil expense and existent GDP development reprove. 

Write a poverty two-page tractate that procure involve a graph displaying notice on oil expense and existent GDP. You can use Excel or the graphing dupe available in FRED to induce your graph. In union, you procure involve notice relating the subjoined subjects:


◾Briefly clear-up the interconnection between oil expense and existent GDP as displayed in your graph. 

◾What are call-for factors that led to the abatement of oil expenses in late years? 

◾What are yield factors that led to the abatement? 

◾What do you forecast procure bechance to oil expenses in the advenient? 

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