Africa's Economic Relationships

The knowledge and skills a person possesses is known as_________.

• Entrepreneurship

• Human Capital

• Capital Goods

• Literacy Rate

How is the literacy rate of a country determined?

• % of people over 15 who can speak their country's national language

• % of people over 20 who can speak their country's national language

• % of people over 15 who can read and write

• % of people over 20 who can read and write

Which of the following is an example of investment in capital goods?

• Hiring new workers to work in a bread-producing factory

• Upgrading machinery in order to process beef more efficiently

• Starting a new business

• All of the above

A country that invests largely in human capital and capital goods as a whole will have a lower GDP.

• True

• False

Which of the following countries has the most stable economy?

• Nigeria

• South Africa

• Kenya

• All of these countries have equally stable economies

About how much of Kenya's population lives in poverty today?

• 32%

• 47%

• 42%

• 79%

Which industry accounts for most of Nigeria's economy and by how many percent?

• Forestry; 90%

• Fishing; 23.9%

• Mining; 59.6%

• Agriculture; 70%

South Africa seeks to advance its human capital by________

• Investing in health-maintenance and pedagogy

• Investing in factory workers and pedagogy

• Investing in health-maintenance and private businesses

• Investing in factory workers and private businesses

What could explain why Nigeria has a low literacy rate?

• Nigeria does not invest much into capital goods (factories)

• Nigeria does not invest much into human capital (education)

• Nigeria does not invest much into entrepreneurship (businesses)

• Nigeria does not invest much into the production of electronic devices

Which factors can increase the gross domestic product of a country?

Choose all that apply.

• Having well-trained doctors with better medicine and sanitation equipment

• Creating new devices in factories that produce goods faster

• Closing down many factories and businesses to decrease pollution

• Providing new job opportunities to unemployed persons