Middle East Economics

Front

GDP per capita refers to:

Back

a person in a country's average income

Front

GDP is also a good indicator of a person's ________________________________, which is the degree of wealth and material comfort available to a person in a country.

Back

standard of living

Front

In the Middle East, countries with ___________ tend to have higher GDP's than countries that don't have oil.

Back

oil

Front

Between Saudi Arabia, Israel, and Turkey, ________________________ has the most oil

Back

Saudi Arabia

Front

The ________________________ owns and controls the oil in Saudi Arabia

Back

Government (Royal Family)

Front

True or False: Oil is a natural resource. It cannot be recycled once it's used.

Back

True

Front

True or False: Saudi Arabia is the only country in the Middle East that makes a profit from selling oil.

Back

False

Front

True or False: Saudi Arabia must invest in human capital factors to improve their citizens lives, because one day they will run completely out of oil.

Back

True

Front

Turkey doesn't have a lot of oil, so they must invest in: agriculture, textiles, education, all 3 choices

Back

all 3 choices

Front

True or False: Israel's economy is considered much more diverse than Saudi Arabia's and Turkey's because they invest in electronics, diamonds, and engineering.

Back

True