Africa Economics

Define Literacy Rate

• Amount of people who can read

• Amount of people who can read and write

• Amount of people who can write

• Amount of people of cannot read and write

Define GDP

• Estimated total value of products being produced

• Estimated total value of goods about to be made

• Estimated total value of the final goods and services produced in a nation in a years’ time

• Estimated total value of the final goods and services produced in a nation in a months time.

Which nation produces the most oil in Africa?

• Congo

• Nigeria

• Sudan

• South Sudan

Which of the following is important to South Africa's economy?

• caol and timber

• fruits and vegetables

• oil and natural gases

• gold and diamonds

Someone who takes a risks and starts a business.

• president

• risk taker

• parliamentarian

• entrepreneur

Kenya has a literacy rate of 82.8%, Nigeria has a literacy rate of 59.6%, and South Africa has a literacy rate of 94.3%. What conclusion can you make about this information?

• The literacy rates are the same

• Nigeria has the highest literacy rate

• Kenya has the highest literacy rate

• South Africa has the highest literacy rate

A specific number limit placed on the number of imports that may enter a country.

• an embargo

• a quota

• a subsidy

• a tariff

The refusal to purchase good/service from a specific company or country.

• boycott

• tariff

• embargo

• quota

Tax on imports

• embargo

• tariff

• boycott

• quota

A government order stopping trade with another country.

• Boycott

• tariff

• embargo

• quota