SW Asia Economics Growth Factors 1st pd

What are capital goods?

• The workers who make the goods and services.
• The factories and machines used to make goods.
• The money spent to train workers to use new technology.
• The goods and services that are produced for a country's economy. 

What is human capital?

• the value of a person’s skills and education, scientists, doctors, or workers
• a person who takes a risk to start a new business
• goods used to make other goods
• gifts of the earth

What is an entrepreneur?

• the value of a person’s skills and education, scientists, doctors, or workers
• a person who takes a risk to start a new business
• goods used to make other goods
• gifts of the earth

What are natural resources?

• the value of a person’s skills and education, scientists, doctors, or workers
• a person who takes a risk to start a new business
• goods used to make other goods
• gifts of the earth-coal, oil, natural gas, trees, gold

How do factors of growth impact the GDP of a country? 

• The more a country invests in the factors of growth, the more the GDP will grow.
• The more a country invests in GDP, the more the factors of growth will grow.
• The more a country invests in the factors of growth, the less the GDP will grow.
• The more a country invests in GDP, the less the factors of growth will grow.

Saudi Arabia’s literacy rate increased from approximately 48% in 1980 to over 78% by 2009. Using the chart above, which of the following conclusions can be drawn?

• Iran has a higher literacy rate

• GDP has decreased because of the spending

• Saudi Arabia raised its capital goods spending

• Saudi Arabia increased investment in human capital

A woman brings together capital, natural, and human resources to start a custom furniture business. This is an example of

• a natural resource

• a capital good

• human capital

• entrepreneurship

If a country does not invest in its human capital, how can it affect the country's gross domestic product (GDP)?

• Investment in human capital has little effect on the GDP.

• Most workers want to keep their jobs and do not care about the GDP.

• GDP is only affected if workers pay for the investment out of their own pocket.

• GDP may go down because poorly trained workers will not be able to do their jobs well.

Israel continuously upgrades roads, bridges, and transportation systems to allow for efficient transport of goods throughout the country. This is and example of investing in ______

• human capital

• capital resources

• natural resources

• entrepreneurship

Saudi Arabia's specializes in the oil production. The government maintains training programs to ensure that workers have the skills needed to produce oil. This is an example of investing in what?

• capital resources

• human capital

• natural resources

• entrepreneurs