19.1: Factors of Productions & GDP

Machines, computers, phones, etc are which type of investment

• Physical Capital

• Labor or Human Capital

• Entrepreneurship

• Natural Resources

Oil, natural gas, and coal are examples of which type of investment?

• non renewable natural resources
• renewable natural resources
• human capital
• physical capital

Mexico is becoming more industrialized, which means it is investing in _________________.

• physical capital
• human capital
• traditional economies
• healthcare

Which is an example of investment in human capital?

• trucks
• factories
• education
• highways

This is the factor of production that is motivated by risk-taking by combining the other factors of production.

• Entrepreneurship

• Labor Resources

• Physical Capital

• Natural Resources

Dover Downs will sell millions of dollars of NASCAR merchandise on race weekend.  Will this be included in GDP?

• Yes - Investment 
• Yes - Consumer Spending
• No - used items
• No - intermediate goods