Capital and GDP

Which best describes standard of living?

• money & material comforts available to citizen within their country

• A nation watching for new comforts to become available

• A Union of workers demanding for improved rights

• Trade Barriers limited material comforts from entering the nation

What is capital?

• Knowledge of another country

• Skills of the military in another country

• A committee that regulates and maintains basic human rights

• factories, machinery, and technology.

Which will likely raise the GDP of a country?

• Picking trade partners

• Tariffs and Banking

• Imports and exports

• Investing in new technology for workers

A nation with a high GDP typically does not invest in capital, while a nation with a low GDP does invest in human capital.

• True

• False

How is the economic growth of a country measured?

• By comparing to other countries

• By analyzing natural and produced resources

• By studying the types of cars and houses the citizens purchase.

• By comparing the GDP of different years

What is the GDP per capita?

• The annual income of citizens with a nation

• The countries import and export costs

• The amount of banks that open in a certain area

• The amount of houses and building that are constructed