Human Capital and GDP in Latin America

How two or more things are connected

• investment

• GDP

• GDP per capita

• human capital

• relationship

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

• investment

• GDP

• GDP per capita

• human capital

• relationship

the spent money on a resource for some benefit in the future

• investment

• GDP

• GDP per capita

• human capital

• relationship

a calculation of what a nation is worth

• investment

• GDP

• GDP per capita

• human capital

• relationship

total amount of money a nation makes, divided by its population

• investment

• GDP

• GDP per capita

• human capital

• relationship

What is human capital?

• knowledge of another country

• skills of military in another country

• A committee that regulates and maintains basic human rights

• knowledge and skills of a workforce within a nation

Which will likely raise the GDP of a country?

• picking trade partners

• tariffs and banking

• imports and exports

• investing in education and training of the workforce

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

• true

• false

How is 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

Which are true statements about GDP and GDP per capita?

• GDP often measures and represents a nation's worth

• GDP per capita is the measurement of the annual income, or salary, of citizens in a specific country

• GDP per capita can be "skewed" by a small number of very rich people

• GDP factors in human capital, and is a more accurate measure of a nation's economic strength