48: describe factors that influence economic growth and examine their presence or absence in Israel, Saudi Arabia, and T

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What are capital goods?

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The factories and machines used to make goods.

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How has Israel made up for its lack of natural resources?

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by importing raw materials and exporting technology and finished goods like polished diamonds and software

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What is human capital? Options: the value of a person’s skills and education, scientists, doctors, or workers, a person who takes a risk to start a new business, goods used to make other goods, gifts of the earth

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the value of a person’s skills and education, scientists, doctors, or workers

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What is an entrepreneur?

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a person who takes a risk to start a new business

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What are capital goods?

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goods used to make other goods, like machines

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What are natural resources?

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gifts of the earth-coal, oil, natural gas, trees, gold

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How do factors of growth impact the GDP (measures a country's money) of a country?

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The more a country invests in the factors of growth, the more the GDP will grow.

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Which "two" countries depend on oil as their most important natural resource?

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Iran and Saudi Arabia

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Using the chart above, which conclusion can be drawn about Saudi Arabia’s literacy rate increase from approximately 48% in 1980 to over 78% by 2009?

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Saudi Arabia increased investment in human capital.

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A woman brings together capital, natural, and human resources to start a custom furniture business. This is an example of

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entrepreneurship