Economic Growth

What happens to GDP when education levels go up?

• It increases
• It decreases

what is mixed economy 

• a free market 
• the country's money 
• market-base economics system with .limited government involvement. 

Man-made resources used in the production process i.e. machines in a factory.

• Labour
• Capital
• Household
• Revenue 

GDP is the total value of goods and services

• produced all over the world
• produced in one month
• produced within a nation's borders
• produced by a singl company

measure of the proportion of adult population (15 years and up) which can read and write a simple statement

• Education level
• Literacy rate

The total value of goods and services produced within the borders of a country during a specific time period, usually one year.

• GDP

• GNI

• HDI

What are the four types of economies?

• command, demand, capitalist, communism
• traditional, command, market, mixed
• mixed, market, traditional, primary
• None of the above 

In a command economic system the __________________, makes all economic decisions. 

• Government
• Legislature
• People
• Businesses

Which activity is an example of investing in physical capital by a company?

• constructing a new factory
• throwing away old delivery trucks
• giving workers more time off to rest
• training workers to do their jobs better

Which is an example of investment in human capital?

• trucks
• factories
• education
• highways