PAP Vocab Quiz: Economies

Intellectual activities such as research, government, higher education, or information processing

• quaternary sector

• tertiary sector

• secondary sector

• primary sector

manufacturing or processing raw materials into usable goods

• quaternary sector

• tertiary sector

• secondary sector

• primary sector

producing raw materials or the extraction of natural resources

• quaternary sector

• tertiary sector

• secondary sector

• primary sector

providing services

• quaternary sector

• tertiary sector

• secondary sector

• primary sector

the highest levels of decision making in an economy

• quinary sector

• tertiary sector

• secondary sector

• primary sector

the production and exchange of goods and services among a group of people

• mixed economy

• command economy

• economic system

• economy

the way people produce and exchange goods and services

• mixed economy

• command economy

• economic system

• economy

the total value of all goods and services produced within a country in a given period of time

• GDP (gross domestic product)

• GNP (gross national product)

• per capita income

• capitalism

the total value of all goods and services produced by a country over a year or some other specified period of time

• GDP (gross domestic product)

• GNP (gross national product)

• per capita income

• mixed economy

the average amount of money earned by each person in a political unit

• GDP (gross domestic product)

• GNP (gross national product)

• per capita income

• economy