SS6E6- Canada Economics

What is Gross Domestic Product?

• a calculation of what a nation is worth

• the spent money or resource for some benefit of in the future

• how two or more things are connected

• the knowledge and skills of the people in a workforce within a country

What is GDP per capita?

• the measurement of the annal income of citizens in a country.

• the spent money or a resource for some benefit in the future.

• how two or more things are connected.

• a calculation of what a nation is worth.

What is human capital?

• skills of the military in another country

• knowledge of another country

• knowledge and skills of a workforce within a nation

• a committee that regulates and maintains basic human rights.

What can raise the GDP of a country?

• Tariffs and Banking

• imports and exports

• picking trade partners

• Investing in education and training of the workforce

What are the two tools used to measure a nation's strength?

• Gross Domestic Product

• GDP per capita

• Both

Definition of import.

• material that are shipped in from another country.

• materials that are shipped out from the home country to another country.

Definition of export.

• materials that are shipped out from the home country to another country.

• materials that are shipped in from another country.

What is one component of a country's economy?

• stealing resources

• neighboring countries resources

• the natural resources in a country.

• the banks not ending the money

Canada is rich in which of the following natural resources?

• Trees

• Leather

• Oil

• Minerals

Which is the best definition of natural resources?

• The amount of car factories

• Resources in the country , such as minerals or forest.