HDI, GDP, Life Expectancy, and Literacy Rates

What is a benefit (good thing) of the free enterprise system in the United States?

• Fewer choices of products available, so consumers are unhappy.

• Ownership of private property is allowed.

• The government regulates the production of goods and there are many shortages.

• A government committee decides the distribution of goods so not everyone gets to buy things.

Which economic system is found in both the United States and Canada?

• Market

• Command

• Trade

• Socialist

Which characteristic is most associated with developed economies (high HDI)?

• low literacy rates

• high amounts of air pollution

• low life expectancy

• high per capita GDP (per capita income)

Use the graph to answer the question.

Based on the graph, which nation most likely has the highest gross domestic product (GDP) per capita?

• Guinea

• Zambia

• Cambodia

• Australia

A nation with a high per capita GDP most likely has...

• A large rural population working as farmers.

• A highly developed economy (tertiary plus+).

• A small number of manufacturing or service businesses.

• Very few financial institutions (like banks).

-Literacy

-Life Expectancy

-Gross Domestic Product per Capita

What is the BEST title for the list above?

• Types of Governments

• Roles of citizens in a democracy

• Indicators of Economic Development (HDI)

• Problems of a Command Economy

Which of these occupations would you most likely find in a traditional economic system?

• Airline pilot

• Banker

• Farmer

• Scientist

What effect would a shortage (not enough) of entrepreneurs likely have on the United States?

• More jobs would be created

• Fewer businesses would be started

• Sales taxes would be eliminated (removed)

• Literacy rates would go up

Which sector of economic activity involves harvesting resources and raw materials from nature?

• Primary Sector

• Secondary Level

• Tertiary Level

• Quaternary Level

In which type of economic activity does about 80% of the U.S. labor force work?

• Agriculture

• Secondary level jobs

• Service jobs

• High-tech research