Unit 2 The world economy

An economic system is the way in which good and services are...

Which of the following is not a stage of economic activity?

• Production

• Creation

• Distribution

• Consumption

What is the difference between GDP and GDP per capital?

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Which economic sector does construction belong?

• Primary

• Secundary

• Tertiary

Which of the following does the state not do?

• provides public good and services

• grants subsides

• pay taxes

• enforces labour laws

Who are the three economic agents?

Which of the following is not a factor of production?

• Natural Resources

• Capital

• Agreements

• Labour

The active population is made up of

What is the difference between a self-employed person and an employee?

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Which of the following is not considered an inactive population?

• Retired people

• unemployed

• student

• Homenwork