Understanding GDP and Human Capital

What does GDP stand for?

• Gross Domestic Product

• General Domestic Production

• Global Domestic Product

• Gross Development Product

What does GDP measure?

• The total population of a nation

• The total value of all final goods and services produced in a nation in a year

• The total number of businesses in a nation

• The total land area of a nation

How can a nation ensure a healthy and growing GDP?

• By increasing taxes

• By investing in human capital

• By reducing exports

• By printing more money

What is human capital?

• The total number of factories in a nation

• The relative health, education, and training of a nation’s labor force

• The total amount of money in a nation’s treasury

• The number of natural resources a nation has

What does GDP per capita measure?

• The total GDP of a nation

• The average annual income of citizens in a nation

• The total number of people in a nation

• The total exports of a nation

Which country had the highest GDP per capita in the provided data?

• France

• Germany

• United Kingdom

• Italy

Which country had the lowest GDP per capita in the provided data?

• Russia

• Ukraine

• Spain

• Italy

According to the World Economic Forum report, which country ranked 11th in human capital investment in 2016?

• United Kingdom

• Germany

• Russia

• France

What is one potential issue with using GDP per capita as a measure of economic well-being?

• It does not account for inflation

• It can be skewed by income inequality

• It does not include government spending

• It only measures exports

Which country had a GDP per capita of $40,284 in 2020?

• France

• Germany

• United Kingdom

• Italy