HISTORY
HISTORY OF THE MIDDLE EAST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It would descrease
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It would not change
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It would increase
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It would depend on other factors
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Detailed explanation-1: -GDP Annual Growth Rate in Iran averaged 3.76 percent from 1963 until 2022, reaching an all time high of 23.01 percent in the second quarter of 1992 and a record low of-12.54 percent in the fourth quarter of 1979.
Detailed explanation-2: -It is the world’s 21st largest by purchasing power parity (PPP). Some 60% of Iran’s economy is centrally planned. It is dominated by oil and gas production, although over 40 industries are directly involved in the Tehran Stock Exchange.
Detailed explanation-3: -The quantity of educated workers boosts the economy’s production because competent people can execute activities more effectively. Equal education and employment opportunities for people of all genders, races, ages, and ethnicities increase the value of an economy.
Detailed explanation-4: -Tehran, IRNA – The World Bank has forecast Iran’s economic growth in 2023 and predicted a 2.2 percent hike for the country’s economy prosperity. According to The World Bank’s recent report, Iran’s growth will likely remain at low levels and as oil prices decline, Iran’s GDP is forecast to grow 2.0 percent in 2023.