Oils Fall Adds to Sanctions Pain for Russian Economy

Oils Fall Adds to Sanctions Pain for Russian Economy

Assessment

Interactive Video

Business, Architecture

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the impact of falling oil prices on the Russian economy, highlighting how different oil price scenarios could affect Russia's budget deficit. It uses data from Spear Bank to show that an average oil price of $90 per barrel would result in a 1.2% GDP deficit. The video also explores the varying costs of oil extraction in different regions and the implications for global oil markets.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main focus of the chart discussed in the video?

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