Unit 4 Review

What is GDP per capita, and why is it considered a better measure than total GDP for assessing an economy's performance?

• It measures the total economic output of a country.

• It accounts for the population size, providing a more accurate reflection of economic performance.

• It only considers the wealthiest individuals, making it a biased measure.

• It is easier to calculate than total GDP.

How can land area and population size impact GDP per capita?

• By influencing the economic activities and resource availability

• They have no impact on GDP per capita

• Only population size affects GDP per capita, not land area

• Only land area affects GDP per capita, not population size

Which of the following is likely to be true about a country with a HIGH GDP per capita:

• Low literacy rate

• High infant mortality

• High life expectancy

• Poor infrastructure

Which of the following is likely to be true about a country with a LOW GDP per capita:

• High literacy rate

• High infant mortality

• High life expectancy

• Well-developed infrastructure

What are the three economic sectors?

• Primary, Secondary, Tertiary

• North, South, East

• Past, Present, Future

• Liquid, Solid, Gas

Why might a secondary sector business want to be close to its related primary sector? (ex: furniture factory and a timber farm)

• To reduce transportation costs

• To increase employee satisfaction

• To enhance digital marketing efforts

• To diversify their investment portfolio

How are “site” and “situation” different in terms of describing location for a business?

• Site refers to the physical characteristics of a location, while situation describes its location relative to the things around them that affect it

• Site and situation describe the same concept in business location.

• Site is about the business's marketing strategy, and situation is about its operational strategy.

• There is no difference; both terms are outdated.

Why would “site” be important for primary sector industries?

• It determines the accessibility to raw materials

• It affects the company's branding

• It influences the stock market

• It is not important

How would having little industrialization impact a country’s GDP per capita?

• It would increase significantly

• It would have no impact

• It would decrease

• It is unpredictable

What caused people to move to cities in early river valley civilizations?

• Lack of food

• Trade opportunities

• Military invasions

• Natural disasters