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vladimir2022 [97]
3 years ago
15

What are the effects of oil production on the economy of Saudi Arabia?

Geography
1 answer:
marishachu [46]3 years ago
8 0

Answer:

Oil price increases are generally thought to increase inflation and reduce economic growth. In terms of inflation, oil prices directly affect the prices of goods made with petroleum products. ... Increases in oil prices can depress the supply of other goods because they increase the costs of producing them.

Brainliest please (i need to move up to the next rank)

Explanation:

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