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In 2008, Saudi Arabia produced an average of 10,782 barrels of oil per day, while Kuwait averaged 2,742 barrels per day. However, Kuwait's standard of living is markedly HIGHER than Saudi Arabia. Which offers the MOST LIKELY explanation for this?

AThe literacy rate is higher in Saudi Arabia than in Kuwait.
BKuwait has a much smaller population than Saudi Arabia.
CKuwait has closer ties to the United States than does Saudi Arabia.
DKuwait has not been impacted by as much war as has Saudi Arabia.

Verified Answer :

ShockWave15
Bkuwait has a much smaller population than saudi arabia is the only one that makes sense and it its true

Answer:

B) Kuwait has a much smaller population than Saudi Arabia.

Explanation:

While it may seem that more barrels of oil would equal a higher standard of living, that is not necessarily the case. In the example here, Kuwait produces less oil per day than Saudi Arabia but has a higher standard of living. One good explanation for this is that Kuwait has a much smaller population than Saudi Arabia. Saudi Arabia has over 27 million citizens compared to Kuwait's 2.7 million. The GDP per capita in Saudi Arabia approximately $31,000, while in Kuwait it is over $42,000

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