GDP Review

What does GDP Stand for?

• Great Domestic Product

• Gross Domestic Product

• Gross Democratic Product

• Gross Domestic Process

GDP is used to measure the ___________ of a country's economy.

• safety

• army

• health

True or False: A country's GDP is the total dollar value of all goods and services produced in a year.

• True

• False

GDP Per Capita is measured by which term below?

• per school

• per bank

• per person

Productive resources are __________ and ____________ to create goods and services.

• materials and design

• materials and money

• materials and timber

• materials and labor

GDP Per Capita is an average of which description below?

• the average of a persons age

• the average of years a person has worked

• the average a person spends on natural resources

• the average annual income of a person (how much they earn)

The 4 productive resources are listed correctly in which group below?

• natural resources

  human capital

  capital goods

  entrepreneurship

• galactic resources

  human capital

  capital goods

  entrepreneurship

• natural resources

  human capital

  exported goods

  entrepreneurship

• natural resources

  space capital

  capital goods

  entrepreneurship