Factors of Economic Growth

Front

What is the total value of all the goods and services produced in that country in one year?

Back

GDP

Front

What happens to a country's Standard of Living when the GDP increases?

Back

The Standard of Living Rises

Front

Which factor of economic growth is All of the things found in or on the earth; “gifts of nature”?

Back

Natural Resources

Front

Which factor of economic growth is all of the skills, talents, education, and abilities that human workers possess---and the value that they bring to the marketplace?

Back

Human Capital

Front

Which factor of economic growth is all of the goods that are produced in the country and then used to make other goods & services?

Back

Capital Goods

Front

What factor of economic growth is People who provide the money to start and operate a business?

Back

Entrepreneurship

Front

What is Not an example of a Natural Resource? Options: land, computer, water, sun

Back

computer

Front

What is Not an example of human capital? Options: Talents, Skills, Education

Back

How much money a person spends

Front

What is Not an example of Capital goods? Options: Tools, Equipment, Technology

Back

Food

Front

What is the measurement that shows how poor or rich a country is?

Back

GDP