Human Capital and GDP Concepts

Front

What does GDP (Gross Domestic Product) measure?

Back

How well a country's economy is doing

Front

What does Human Capital NOT include? Money, Knowledge, Skills, Health

Back

Money

Front

If a company invests in training their employees, they are improving their .......

Back

Human Capital

Front

How do you calculate GDP per capita?

Back

Take the GDP and divide it by the Population.

Front

Which is data is better when comparing Country economies? Options: GDP, GDP per capita, Human Capital, Capital Goods

Back

GDP per capita

Front

Is it better to be literate or illiterate?

Back

Literate

Front

What is Literacy?

Back

The ability to read and write.

Front

How does the Literacy Rate affect a country's standard of living?

Back

The standard of living increases

Front

Literacy Rate can increase all but......

Back

Government Stability

Front

Will a country have a higher or lower GDP if the country's literacy rate is high?

Back

Higher