The United States is the second largest oil importer in the world, importing 7.2 million barrels of
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The United States is the second largest oil importer in the world, importing 7.2 million barrels of crude oil per day as in April 2015. Go to www.inflationdata.com and look up crude oil prices for the past five years; then go to www.bea.gov to look up the U.S. net international investment position (NIIP) for the past five years. Does there appear to be a relationship between the price of crude oil and U.S. NIIP? Briefly explain the result of your findings.
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Related Book For
Principles Of Macroeconomics
ISBN: 9781292303826
13th Global Edition
Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster
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