The Figure above shows statistics on Real GDP in Qatar ($billions) from 2012 to 2020, in addition to expectations for the year 2021 and 2022 Real GDP is expected to reach 178 $billions in 2022. What are the main factors that could explain these optimistic expectations?

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter7: Production And Growth
Section: Chapter Questions
Problem 5CQQ
icon
Related questions
Question

The Figure above shows statistics on Real GDP in Qatar ($billions) from 2012 to 2020, in addition to expectations for the year 2021 and 2022

  1. Real GDP is expected to reach 178 $billions in 2022. What are the main factors that could explain these optimistic expectations?
Calendar News Markets- Indicator
TRADING
ECONOMICS
Qatar GDP
202
Summary Forecast
Stats
Download -
10Y
25Y
50Y
MAX li Chart X Compare I Export H API
Embed
220
206.22
ill.
198.73
200
186.83
183.33
175.84
180
161.74
161.1
160
151.73
146.37
140
2012
2014
2016
2018
2020
2022
TRADINGECONOMICS.COM | WORLD BANK
Transcribed Image Text:Calendar News Markets- Indicator TRADING ECONOMICS Qatar GDP 202 Summary Forecast Stats Download - 10Y 25Y 50Y MAX li Chart X Compare I Export H API Embed 220 206.22 ill. 198.73 200 186.83 183.33 175.84 180 161.74 161.1 160 151.73 146.37 140 2012 2014 2016 2018 2020 2022 TRADINGECONOMICS.COM | WORLD BANK
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Rational Decisions
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Brief Principles of Macroeconomics (MindTap Cours…
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
ECON MICRO
ECON MICRO
Economics
ISBN:
9781337000536
Author:
William A. McEachern
Publisher:
Cengage Learning
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax