Europe Economic Growth

​A country investing in education.

• human capital

• capital goods

A country investing in newer technology.

• human capital

• capital goods

A country investing in skills.

• human capital

• capital goods

​A country investing in new machinery.

• human capital

• capital goods

A country investing in the health of their citizens.

• human capital

• capital goods

​A country investing in updating outdated factories.

• human capital

• capital goods

Which is an example of a natural resource?

• forests

• highways

• education

• factories

Which sector normally grows a nations GDP and why?

• The private sector grows the GDP because it is operated by entrepreneurs who start businesses.

• The public sector grows the GDP because it is operated by entrepreneurs who start businesses.

• The private sector grows the GDP because it is operated by the government who start businesses.

• ​The public sector grows the GDP because it is operated by the government who start businesses.

Capital goods are the ___________ people use to produce goods and services.

• Raw materials

• Factories machines, & technology

• Skills, knowledge, and experience

• none of the above

Human capital includes the ___________ people use to produce goods and services.

• Raw materials

• Factories machines, & technology

• Skills, knowledge, and experience

• none of the above