SS6E7

workers of a business or country including their education, training, skills, and health

• physical capital
• GDP
• human capital
• opportunity cost

Which of the following does investing in human capital provide? 

• education
• training
• health care
• all of these

Which of the following is true? 

• Investing in employees improves literacy rates and GDP.
• Companies who invest in their employees lose money.
• Human capital & GDP are not an important factor in a countries economy. 
• To raise GDP, a government must invest in companies, not human capital. 

the total value of all goods and services produced in a country in one year

• human capital
• GDP
• physical capital
• trade barriers

All of the following are true of GDP except:

• GDP tells how rich or poor a country is
• GDP raises standard of living
• Human capital is the only thing that contributes to GDP
• In order to increase GDP, countries must invest in human captial

factories, machines, technologies, buildings, and property needed for a business to operate

• human capital
• imports
• exports
• physical capital

Which statement is true? 

• Physical capital helps to make products
• The more physical capital a company has, the more products that can be made
• Employees must have physical capital in order to raise GDP
• All of them

a useful material that is found in nature

• arable land
• permafrost
• natural resource
• physical capital

What would happen if a country had no natural resources? 

• The country would be poor
• The country would have no money
• The country would have to import 
• The country would fall apart

What does having natural resources help a country to do?

• Increase their GDP by extracting, manufacturing & exporting
• Create jobs & trade
• Adds money to the cost of goods & services
• All of them