What would be the effect on latin america gdp and why, Macroeconomics

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What would be the effect on latin america gdp and why

Problem

If the world oil price increases significantly, other things equal, what would be the effect on Latin America GDP? Why?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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