What proportion of Qatar's household population are millionaires?

Prepare for the IGCSE Population Case Studies Test with engaging study materials. Access multiple choice questions and flashcards with detailed explanations. Boost your exam readiness today!

The correct answer indicates that 14% of Qatar's household population are millionaires. This figure reflects Qatar's significant wealth, driven largely by its vast oil and gas reserves, which contribute to a high standard of living for many residents. The concentration of wealth in Qatar, particularly among its relatively small population, results in a higher percentage of millionaires compared to many other countries.

It's also important to recognize that Qatar's economy supports a significant expatriate community, many of whom are wealthy individuals contributing to this demographic. When analyzing data about millionaire households, one should consider factors such as the overall population size, income levels, and the local economy's strength in creating millionaires.

Other options may infer a higher or lower percentage based on varying interpretations of wealth distribution, but the figure of 14% accurately represents the current economic context in Qatar and aligns with various financial reports and studies on millionaire demographics within the nation.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy