Africa's Factors of Economic Growth Comprehension Check

What does "gross domestic product" mean?

• Total number of natural resources.

• GDP per capita

• Total number of people that cannot read or write.

• Total value of goods & services produced in one year.

What is a county's GDP divided by its population called?

• GDP per capita

• Human capital

• Literacy rate

• Capital goods

Which productive resource can be a source of income when exported?

• Capital goods

• Natural resources

• Human capital

• Entrepreneurship

Where is nearly one-half of the world's gold reserve located?

• Nigeria

• Kenya

• South Africa

• Sudan

What is the basis of Nigeria's economy?

• Timber

• Oil

• Diamonds

• Gold

Why is most of Nigeria's population living in poverty when the country exports more than 3 million barrels of oil each day?

• Most people are literate.

• Most people are illiterate.

• Oil profits bypass the people & go to corrupt politicians.

• Oil profits are spread out evenly across the continent.

When a county invests in education for it's citizens, what is it increasing?

• Entrpreneureship

• Human capital

• Capital goods

• Natural resources

A lack of investment in human capital has led to high poverty (70%) & unemployment in which country?

• Kenya

• South Africa

• Nigeria

• Egypt

A country can increase it's capital goods by investing in what?

• New machinery, technology, factories, etc.

• Land, forests, minerals, etc.

• Doctors, teachers, nurses, etc.

• Clothes, shoes, makeup, etc.

Which country has been building more schools in rural areas, improving roads and providing more electricity in order to help it's economy grow?

• Kenya

• Sudan

• South Africa

• Nigeria