Questionnaire - Benefit GCC become Common currency Essay - 1

Questionnaire - Benefit GCC become Common currency - Essay Example The findings of the study reveal that majority of the participants were between 26 to 35 years 40 percent of the population). 21 percent of the population was between the ages 36 to 45 years, 19 percent were between the age group less than 25 years and 10 percent were between the age group 46 to 55 years and over 55 years. The qualification/ highest education of the participants was asked. The results show that most of respondents were university graduated 56 percent of them were bachelors, 12 percent PhD 15 percent were masters. However, the respondents with graduated high school were only 4 percent. Hence, it can be noted that the most of the participants were education and qualified degrees. The statistical findings reveal 75 percent of the participants were UAE national, whereas on 13 percent wee gulf national and 12 percent was non-Arab national. Hence, it can be noted that the majority of the respondents were UAE nationals. On the basis of the results obtained it can be majority of the respondents disagreed that he increase in the oil revenues will welcome the idea for GCC countries to have a common currency union (mean value 13). Moreover, it can be noted that the dispersion in the data was relatively low that indicates that the responses were more inclined towards disagreement of the idea. It is because the increase in the oil revenue will separately improve overall economic performance of the country due to which there is not a significant reason for the GCC countries to unite and establish common currency union. Furthermore, it was also investigated if the GCC countries are ready to establish separate currency the outcomes of the study highlights that the majority of the respondents disagreed and strongly disagreed to establish GCC currency union. However, the STD of 8.9 indicates that there has been a great dispersion in the data that means that the respondent’s opinion greatly