Grade 7 Economic Development Unit Review

GDP, GDP Per Capita, Life Expectancy, and Inflation Rates are all types of

• Computer Data

• Economic Indicators

• Graphs and Tables

• Ways to develop a country

Which country has the World's highest GDP?

• China

• India

• Great Britain

• United States of America

What is the life expectancy on Cambodia (2020)

• 68

• 69

• 73

• 77

What is one reason that can reduce life expectancy in MEDCs?

• Education

• Natural Disasters

• Pollution

What is the average life expectancy of this country?

Person 1: 56 years old

Person 2: 64 years old

Person 3: 60 years old

• 58

• 64

• 60

• 62

Items that are usually (but not always) tangible, such as pens, salt, apples, and hats and activities provided by other people are known as

• Goods and Services

• Things and People

• Products and Goods

• Shops and Services

In prisons in the U.S.A, which common snack is a necessary commodity?

• Oreos

• Potato Chips

• Popcorn

• Ramen

The less of something there is, the more expensive/the more of something there is, the less expensive is known as

• Goods and Services

• Supply and Demand

• Hyperinflation

• Deflation

Which Economic System is this?

an economic, political, and social system in which property, business, and industry are privately owned, people trying to make the greatest profits

• Socialism

• Communism

• Capitalism

• Socialist-Democracy

What does GDP stand for?

• Greatest Data Presented

• Gross Democratic Product

• Gross Domestic Product

• Greatest Domestic Product