2: PART 3 - Canadian and Australian Economics (SS6E6/SS6E12)

2: PART 3 - Canadian and Australian Economics (SS6E6/SS6E12)

Read each slide and answer the questions that are in the presentation. You will receive a grade for completing this lesson when you answer all of the questions!

Multiple Choice

What is a literacy rate?

• he average annual income of citizens in a given nation

• the level of wealth and material comfort available to a people

• the estimated total value of the all the final goods and services produced in a nation in a year’s time

• the percent of a nation’s population over the age of 15 who are able to read and write

Multiple Choice

What is a standard of living?

• he average annual income of citizens in a given nation

• the level of wealth and material comfort available to a people

• the estimated total value of the all the final goods and services produced in a nation in a year’s time

• the percent of a nation’s population over the age of 15 who are able to read and write

Multiple Choice

What is Gross Domestic Product (GDP)?

• he average annual income of citizens in a given nation

• the level of wealth and material comfort available to a people

• the estimated total value of the all the final goods and services produced in a nation in a year’s time

• the percent of a nation’s population over the age of 15 who are able to read and write

Multiple Select

Select all answers that are examples of Human Capital.

• health

• education

• salary

• training

Multiple Select

Select all answers that are examples of Capital.

• factories

• machinery

• uniforms

• technology

Multiple Select

Select all answers that are examples of Natural Resources.

• water

• gold

• natural gas

• timber

Multiple Choice

What is an entrepreneur?

• private citizens who invests their own resources toward the creation of a new business or industry

• private citizens who invests someone else's resources toward the creation of a new business or industry