Can you assist with confirming it I answered the questioncorrectly regarding direct signals regarding the 2018 Quarter and 2019 Quarter for the Bahrain economy. My answer is based on the chart below. I need real and nominal changes. Can you point out which of my direct signals is considered real or nominal? Can you also provide an example on how the inflation of .5% in 2019 Quarter 2 was a result of 2018 Quarter 2? In addition, can you assist with some indirect signals? Thanks.

Indicator 2018 Quarter 2 2019 Quarter 2

Employment 158,814 153,103

Median Monthly

Wage* BD 538 BD 532 * One BD = $2.37

Inflation year on

year .5% (2019QUARTER 2

• Bahrain was the first county on the Arabian Side of the Persion Gulf to discover oil. The dependence on oil has been declining in recent years. According to Woretz (2018) the Bahrain government revenue consists of 75% of oil revenue. If the GDP increases for the Bahrain economy, the employment opportunities increases. If there is no growth the GDP and unemployment are negatively related. When oil prices decrease it has a negative effect on the economy, The consumer will continue to purchase gas at a lower price At lower prices, the suppliers are not willing to increase their oil supply and the companies were not able increase the income for the workers. As a result of the reduction of production, unemployment increased and wages were reduced. Another factor that affected the increase in unemployment was due to the advancement in technology.