Oil price change | Economics homework help

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) 

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). 

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 two-page paper 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? 

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more