Canadian Economy

Raw materials from nature

• Capital Goods

• Capital Goods

•  Natural Resources

The level of wealth and material comfort available

• Capital Goods

• Standard of Living

• Entrepreneur

Man-made materials (factories, machines, technology)

• Human Capital

• Entrepreneur

• Capital Goods

Skills, education, and experience of workers

• Human Capital

• Gross Domestic Product

• Capital Goods

The percentage of adults who can read and write

• Entrepreneur

• Capital Goods

• Literacy Rate

Because of its smart use of productive resources, this country has one of the strongest economies in the world

•  Canada

• Mexico

• Entrepreneur

A person who starts a business

• Literacy Rate

• Gross Domestic Product

• Entrepreneur

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

• Gross Domestic Product

• Capital Good

• Human Capital

GDP is often measured as “GDP per capita” . What does this mean?

• trade rates

• per person

• Tarriff rate

Natural resources are the materials that come from nature, such as land, forests, minerals, water, etc.

• True

• False