Which term means the knowledge, skills, and relative health of a nation's labor force?
European Economics, part 3

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Social Studies
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6th Grade
•
Hard
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16 questions
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1.
FLASHCARD QUESTION
Front
Back
Human capital
2.
FLASHCARD QUESTION
Front
Which term means the estimated total value of all final goods and services produced by a nation in a year's time?
Back
GDP
3.
FLASHCARD QUESTION
Front
Which term means the average annual income of citizens in a given nation? Options: GDP per capita, GDP, Standard of living, Literacy rate
Back
GDP per capita
4.
FLASHCARD QUESTION
Front
Which term means the factories, machinery, technology, etc. that are needed to run a service or industry?
Back
Capital goods
5.
FLASHCARD QUESTION
Front
Which term means a material on or in the earth that has economic value?
Back
Natural resource
6.
FLASHCARD QUESTION
Front
Which term means the percent of a nation's population over the age of 15 who are able to read and write?
Back
Literacy rate
7.
FLASHCARD QUESTION
Front
Which term means the level of wealth and material comfort available to a people?
Back
Standard of living
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