Social Studies Quiz

Total value of all goods and services produced by a country in one year

• Gross Domestic Product (GDP)

• Literacy Rate

• Standard of Living

Lawyer, teacher, policeman

• Capital Goods

• Human Capital

• Natural Resources

• Entrepreneurship

Factories, machines, technology, etc.

• Human Capital

• Entrepreneurship

• Capital Goods

• Natural Resources

Man-made materials

• Human Capital

• Natural Resources

• Entrepreneurship

• Capital Goods

Natural resources are

• nonrenewable.

• renewable.

• resources produced by humans from using biotic and abiotic factors found in nature.

• resources that exist without actions of humankind.

Wealth, healthcare, access to technology, and literacy rate help make up ______?

• GDP per capita

• GDP

• Standard of Living

A developing or third world country has a high or low standard of living?

• Low standard of living

• High standard of living

Level of wealth and material comfort available

• Gross Domestic Product

• Standard of Living

• Literacy Rate

What are characteristics of a country with a literacy rate of 98%? There may be more than one correct answer.

• Small population under 15, large working class population

• Well developed economy

• Poverty

• Poor infrastructure (roads, communication, sanitation)

Gross Domestic Product (GDP) ONLY refers to the total value of FINAL goods and services produced in a country in one year

• True

• False