GDP, Human Capital, and Capital Goods

Which is an example of investment in human capital?

• trucks
• factories
• education
• highways

High levels of GDP per capita indicate...

• Higher levels of happiness 
• Higher standard of living
• Equal levels of wealth 
• Self-sufficient communities

What is one reason that a country could have a high GDP?

• Because they have high wages.
• Because they have a highly educated population.
• Because they have low taxes.
• Because they love going to space.

What type of GDP shows the average level of wealth in a country?

• Nominal GDP
• Real GDP
• GDP per capita

Goods, services, and intermediate products produced in other countries.

• import
• export

GDP stands for...

• Gross Domestic Price
• Gross Domestic Product
• Given Domestic Price
• Given Domestic Product

Human Capital/ Labor

• abilities, skills, and education that helps to make a worker more valuable and more productive for the company or organization
• purchasing goods and services to satisfy wants and needs

BETTER INDICATOR OF ECONOMIC DEVELOPMENT IS ...........

• REAL PER CAPITA INCOME
• NATIONAL INCOME
• PER CAPITA INCOME
• NATIONAL PRODUCTION