Economic Factors of GDP

Which is an example of investment in human capital?

• trucks
• factories
• education
• highways

GDP stands for...

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

_____ are from nature and are used in their natural form

• natural resource

• human capital

• capital(physical)

A rock is an example of

• natural resource

• human capital

• capital (physical)

_____are people who use their skills to produce a good or service

• natural resource

• human capital

• capital (physical)

A mechanic is an example of

• natural resource

• human capital

• capital (physical)

The goods used in the production process such as factories, machinery and equipment

• Land

• Labor

• Resources

• Capital(physical)

An example of natural resource.

• trade off
• grill
• tractor
• tree

An example of human capital.

• a person with the ability to code computers

• soaking up the sun

• opportunity cost

• tree

Human capital is

• Tools and equipment people use

• The people who work

• Tools and people

• Things used to build stuff