ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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unlimited oil supply.
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high unemployment.
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unskilled native workforce.
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limited oil supply.
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Detailed explanation-1: -The fall in oil prices in 2014 has revived concerns about the economic situation of Saudi Arabia1. Unemployment, fiscal deficit and the transition toward a post-oil economy are the main challenges that the Saudi economy is facing.
Detailed explanation-2: -With regard to our proprietary Environmental Sustainability index, Saudi Arabia ranks only 166th out of 210 economies, reflecting particular weaknesses in renewable electricity output, water stress and the recycling rate.
Detailed explanation-3: -David Rundell: Yeah, the Saudi state is very heavily dependent upon the revenue that it obtains from exporting primarily oil, although also to some extent natural gas and petrochemicals. And this has in the past contributed– depends on the year and the price of oil– but somewhere around 85% of the state’s budget.