What happened to the GDP in general and the GDP by economic activity on table 1 or table 4 (table 4 is easier) during the pandemic
After finishing the first half of the semester, you should be able relate what you have learned so far into the macroeconomic data. So, read the following statements and explain that using what you have learned such as productivity & production and GDP growth & GDP components. Then, relate that to the attached tables:
What happened to the GDP in general and the GDP by economic activity on table 1 or table 4 (table 4 is easier) during the pandemic? Which sector has been affected more during the pandemic and why would you think this sector has been affected more?
One of the most important targets for the Vision 2030 is to switch the production in Saudi Arabia from mostly depending on Oil to diversify its production, would you think we are going into the target of diversifying production through looking at the tables 15 & 16 (table 16 is easier to see because it shows the growth) from 2018 to 2021. You can also look at tables 8 and 10 for annual data.
Remember that what you have learned about the national income (GDP) Y = C + I + G + NX is exactly the same components on table 17 or 18 and some other tables.
Requirements: 200
Answer preview to what happened to the GDP in general and the GDP by economic activity on table 1 or table 4 (table 4 is easier) during the pandemic
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