Africa- Economic Growth SS7E3

Front

Which is an example of entrepreneurship?

Back

Jemele uses her money to open a restaurant in her neighborhood.

Answer explanation

Jemele's action of using her money to open a restaurant demonstrates entrepreneurship, as it involves starting a new business venture. The other options describe volunteering, employment, or completing chores, which are not entrepreneurial activities.

Front

What is the purpose of investing in capital goods?

Back

to improve productive efficiency

Answer explanation

Investing in capital goods enhances productive efficiency by increasing the capacity and capability of production processes, leading to higher output and better resource utilization.

Front

Countries with strong, well-funded education systems generally have

Back

more entrepreneurs than other countries.

Answer explanation

Countries with strong education systems foster innovation and skill development, leading to a higher number of entrepreneurs. This contrasts with the other options, which do not correlate with the benefits of a well-funded education system.

Front

Which population has the LOWEST human capital?
Options:
Egypt,
Nigeria,
South Africa,
Sudan

Back

Nigeria

Answer explanation

Nigeria has the lowest human capital due to factors like high poverty rates, limited access to quality education, and inadequate healthcare, which hinder the development of skills and productivity compared to Egypt, South Africa, and Sudan.

Front

How might an increase in investment in capital goods affect the economies of Kenya and Nigeria?

Back

It would lead to an increase in both GDP and GDP per capita.

Answer explanation

An increase in investment in capital goods enhances production capacity, leading to economic growth. This results in higher GDP and GDP per capita for both Kenya and Nigeria, as more goods and services are produced and consumed.

Front

How can maintaining a high literacy rate positively affect a nation's standard of living?

Back

Literate people are better able to secure skilled jobs.

Answer explanation

Literate people are better able to secure skilled jobs, which leads to higher income and improved economic stability. This directly enhances a nation's standard of living by increasing access to resources and opportunities.

Front

Which of these African nations produces the MOST crude oil on an annual basis? Congo, Nigeria, Sudan, South Sudan

Back

Nigeria

Answer explanation

Nigeria is the largest producer of crude oil in Africa, significantly outpacing other nations like Congo, Sudan, and South Sudan in annual production. Its oil industry is a major part of its economy.

Front

South Africa's role in the international gold market is relatively stable due to which of the following? effective government regulation of gold mining, stable markets and revenue-generating tariffs, possession of two-fifths of the world's gold supply, the strength of the South African rand against the US dollar

Back

possession of two-fifths of the world's gold supply

Answer explanation

South Africa's stability in the gold market is primarily due to its possession of two-fifths of the world's gold supply, which gives it significant influence and security in international trade.

Front

What factor BEST explains the difference in life expectancy between the African nations listed in the table and nations in other parts of the world?

Back

the spread of disease

Answer explanation

The spread of disease significantly impacts life expectancy in African nations, leading to higher mortality rates compared to other regions. This factor is more critical than barriers to trade, industrial pollution, or obesity.

Front

Based on your knowledge of African economies, which countries correctly complete the table?

Back