December 2012

The Middle East’s Oil Appetite

It is well-known that the Middle East is the world’s largest oil-producing region, accounting for about one-third of global production. Much less is known about the region’s own oil consumption habits. Which of the following statements about oil in the Middle East is true?

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Old World Slowdown

The world economy keeps growing. From a current level of $59 trillion, the OECD expects world GDP to increase to $238 trillion by 2060, a half-century from now. While that is a 300% increase in the size of the global economic pie, growth in the “old world” is expected to be much less dramatic. Which of the following countries stands to lose the most in terms of its weight in the world economy?

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U.S. Inflation Compared

The United States is one of the few countries in the world that requires its young citizens to pay considerable amounts in tuition and fees for college. The basic idea is that qualifying oneself for a high-paying career is an investment most people would find worth making. We wonder: How much has the cost of college education risen in the United States over the past 30 years?

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