Question: SECTION III- BUSINESS CYCLE Question 6 (12 marks) Figure 8 plots the Price of Brent Oil and GDP of Saudi Arabia between 1990 and 2019

SECTION III- BUSINESS CYCLE Question 6 (12 marks) Figure 8 plots the Price of Brent Oil and GDP of Saudi Arabia between 1990 and 2019 (https://fred.stlouisfed.org/series/DCOILBRENTEU) Figure 8: the price of oll between 1986 and 2020, In USD FRED - Gross Domestic Product for Saudi Arabia (left) Global price of Brent Crude (right) 01001050,005 TOO,00 01000,000 Current U.S. Dollars 710,001 100,100 109,000 000,006 1992 1994 1986 1943 2009 2002 20104 2006 2308 2010 2012 2014 2016 2018 2020 1:970 Sources International Monetary Fund; World Bank fred.stlouisfed.org Figure 9 plots important macroeconomic indicator SAUDI ARABIA "GDP growth rate" against change oil price for the SAUDI ARABIA economy between 1990 and 2018 Figure 9: Trends In GDP growth rate and change In oll price between 1986 and 2019

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

You are the financial analyst for a tennis racket manufacturer. The company is considering using a graphite like material in its tennis rackets. The company has estimated the information in the...

Question 7 (8 marks) A. From answers in Question 6 {A and B), what do you conclude about the relationship between GDP growth rate and change in Oil prices? (2 man's) B. Give 2 policy measures as a...

The Impact of Macroeconomic Variables on Stock Prices in Kuwait Ahmad M. Al-Kandari & Sadeq J. Abul Abstract The Kuwaiti Stock Exchange was established in April 1977 and is among the oldest stock...

What it is a CARTEL,please cite and include specifically what it is the OPEC,(Organization Petroleum Exporting Countries) WIKIPEDIA OPEC The Organization of the Petroleum Exporting Countries (OPEC,...

a. The GCC region has been of interest to many researchers around the world, and over the decades, many scholarships have been produced on varied dimensions. Why? b. What was the purpose of writing...

WIKIPEDIA OPEC The Organization of the Petroleum Exporting Countries (OPEC, !'oUpEk/ OH-pek) is an intergovernmental Organization of the Petroleum organization of 13 nations. Founded on 14 September...

QUESTION: With reference to the article in question, critically assess the impact and potential impact of the ongoing Russia-Ukraine conflict on the economies of developing countries like Jamaica....

Please help answer Interdependence of Middle Eastern Nations Directions: Please use the links and the book to answer the following questions. Make sure your answers are in blue. Step One: Dene the...

ARTICLEOCTOBER 2020From the barrel to the pump: the impact of the COVID-19 pandemic on prices for petroleum products This article details price movements for petroleum products in the context of the...

summarize the main idea of each article, discuss issues being highlighted briefly, give opinion pertaining the coverage of each article and provide recommendations for each issue in the article....

Refer to the previous exercise. Results in the regression equation = -20,000 + 4000x for y = annual income were translated to units of euros, at a time when the exchange rate was $1.25 per euro. a....

True or false? a. The company cost of capital is the correct discount rate for all projects, because the high risks of some projects are offset by the low risk of other projects. b. Distant cash...

1 . List three competency areas essential for an effective instructor.

Pronghorn Company purchased equipment for $2196,240 on October 1, 2017. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $12,240. Estimated production is...

Solve the following first order differential equations: 2. + + 1 y' = 2.x + 4y +1

The solid E shown below is bounded by the parabolic cylinder x = y2 and the planes z = 0, z = x, and x = 1. Fill in the blanks and then find the volume of E. V(E)= 1 dzdxdy 1 0 ZA z= X E y 1 X

Determine ux and ox from the given parameters of the population and sample size. u = 89, o=18, n = 27

A firm is using pricing when it charges a high, premium price for a new product with the intention of reducing the price in the future. trial O prestige surge skimming O penetration Dane 59 of 75...

2. How do I perform this role?

6. List one and only one societal role that you wish you had performed better in. Spend the next month on a small push to improve your personal performance within this role. At the end of the month,...

9. Imagine that you have achieved the goal you set for yourself in task 8. a. What do you see in the past? b. How do you feel? c. What do you hear? d. How does this change your roles? e. How does...