Create a Quiz -- Shealee

What type of economy does Australia have?

• Pure Command Economy

• Pure Traditional Economy

• Pure Market Economy

• Mixed Economy

What is a Literacy Rate?

• the ability to read and write at an adult level 

• the number/percentage of people that can read and write in a country

• the level of material comfort & wealth people have in a country

• the number of years people live on average in a country.

What is a Traditional Economy?

• Government controls everything and everything and everything and everything and everything

• side eye 🙄

• Based on tradition & customs 

• Like selling pigs or something??????

Market ecomomy is where the is base off of _______ enterprise

A mixed economy?

• Is based solely on free market principles

• Combination of all market & command economies

• Does not exist in any country
• Is controlled entirely by the government

What does a Command Economy do?

• It is controlled by the people.
• It is controlled by the government and is based on govt control of industries.

• It is controlled by the weather.
• It is controlled by animals.

The Gross Domestic Product?

• The amount of money in circulation within a country
• The total population of a country
• The number of cars produced in a country
• Total value of all goods and services produced within a country in 1 year.

What is the GDP per Capita?

• GDP per Capita is a measure of a country's total land area
• GDP per Capita is a measure of a country's total population
• GDP per Capita is a measure of a country's total government spending
• GDP per Capita is a measure of a country's economic output that accounts for its number of people (amount of income people earn within a year)

Literacy?

• the number of years people live on average in a country.

• the ability to read and write at an adult level 

Is the standard of living the level of material comfort & wealth people have in a country?

• No!!!

• Yes!