What is the main focus of the chart discussed in the video?
Oils Fall Adds to Sanctions Pain for Russian Economy

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Business, Architecture
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The effect of oil prices on the stock market
The relationship between oil prices and inflation
How different oil price scenarios affect Russia's budget
The impact of oil prices on global warming
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the data from Spear Bank, what would be the budget deficit for Russia with an average oil price of $90 per barrel?
3.0% of GDP
0.5% of GDP
1.2% of GDP
2.5% of GDP
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the right axis of the chart represent?
Exchange rates
Oil production levels
Inflation rates
Budget balance as a percentage of GDP
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is the minimum oil price critical for Russia?
It determines the global oil supply
It affects Russia's ability to balance its budget
It influences the stock market
It impacts global warming
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do oil extraction costs vary?
They are determined by government policies
They depend solely on the technology used
They vary significantly by location and crude grade
They are the same across all regions
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