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Business, 07.04.2020 16:21 adrianawalker16

In 2002, the annual price of oil was $24.36. As of late July 2006, the annual price of oil was $62.07. The percentage increase in real GDP from 2001 to 2005 was about 12.6 percent. This indicates that: a. real GDP grew at a faster pace than oil prices but at a healthy pace. b. oil prices increased faster than real GDP, but real GDP still grew at a healthy pace. c. real GDP grew at the same pace as oil prices, but this was a healthy pace. d. oil prices increased faster than real GDP, so real GDP did not grow at a healthy pace.

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In 2002, the annual price of oil was $24.36. As of late July 2006, the annual price of oil was $62.0...
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