Economic Standards
Southwest Asia Economic Growth
SS7E7 The student will describe factors that influence economic growth and examine their
presence or absence in Israel, Saudi Arabia, and Iran.
a. Explain the relationship between investment in human capital (education and training)
and gross domestic product (GDP).
b. Explain the relationship between investment in capital (factories, machinery, and
technology) and gross domestic product (GDP).
c. Explain the role of oil in these countries’ economies.
d. Describe the role of entrepreneurship.
presence or absence in Israel, Saudi Arabia, and Iran.
a. Explain the relationship between investment in human capital (education and training)
and gross domestic product (GDP).
b. Explain the relationship between investment in capital (factories, machinery, and
technology) and gross domestic product (GDP).
c. Explain the role of oil in these countries’ economies.
d. Describe the role of entrepreneurship.
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![Picture](/uploads/3/8/9/9/38993815/480924160.jpg?250)
Middle East countries such as Saudi Arabia and Kuwait have greatly benefited of of their oil production increasing their countries GDP, transportation, and education. Entrepreneurs have also benefited in regions such as Israel and Turkey boosting their countries GDP.