Factors of Economic Growth

What is the total value of all the goods and

services produced in that country in one

year?

• Economy

• GDP

• Economic Growth

• Traditional Economy

What happens to a country's Standard of Living when the GDP increases?

• The Standard of Living Lowers

• The Standard of Living Rises

Which factor of economic growth is All of the things found in or on the earth; “gifts of nature”?

• Entrepreneurship

• Natural Resources

• Human Capital

• Capital Goods

Which factor of economic growth is all of the skills, talents, education, and abilities that human workers possess---and the value that

they bring to the marketplace?

• Natural Resources

• Human Capital

• Capital Goods

• Entrepreneurship

Which factor of economic growth is all of the goods that are produced in the country and then used to make other goods & services?

• Natural Resources

• Human Capital

• Capital Goods

• Entrepreneurship

What factor of economic growth is People who provide the money to start and operate a business?

• Natural Resources

• Human Capital

• Capital Goods

• Entrepreneurship

What is Not an example of a Natural Resource?

• land

• computer

• water

• sun

What is Not an example of human capital?

• How much money a person spends

• Talents

• Skills

• Education

What is Not an example of Capital goods?

• Tools

• Food

• Equipment

• Technology

What is the measurement that shows how poor or rich a country is?

• Money

• Economy

• Dollars

• GDP