Factors of Economic Growth

A country’s ________________ is the total dollar value of all goods and services produced in one year.

• Gross Domestic Product (GDP)

• Gross Domestic Imports (GDI)

• Gross Domestic Resources (GDR)

• Gross Domestic Exports (GDE)

GDP is often measured as “GDP per capita”. This is the GDP divided by a countries ____________.

• imports

• exports

• resources

• population

The four main categories of ____________________ are natural resources, human capital, capital goods, and entrepreneurship.

• productive resources

• gross domestic resources

• capital resources

• natural resources

______________ are the materials that come from nature, such as land, forests, minerals, water, etc

• Natural resources

• Capital Goods

• Productive Resources

• Human Resources

_____________ are the man-made materials that are needed to produce goods and services

• Capital goods

• Human capital

• Natural Resources

• Gross Domestic Goods

Investment in capital goods typically leads to an ____________________.

• increase in GDP

• decrease in GDP

• no change in GDP

Some examples of ________________- include factories, machinery, technology, buildings, tools, etc.

• Capital goods

• Human capital

• Natural Resources

• Gross Domestic Goods

Skilled workers to fill jobs within the economy are considered to be _____________ _________________.

• human capital

• capital goods

• natural resources

• productive resoures

Investment in education and job training are investments in _________ _____________.

• natural resosurces

• capital goods

• human capital

A country’s __________________is the percentage of adults who can read and write.

• GDP per Capita

• capital goods

• literacy rate

• GDP