Factors of PRODUCTION Bell Ringer

How can we increase a countries GDP per capita?

• Increase the unemployment rate
• Invest in education and healthcare
• Increase the poverty rate
• Increase the tax rate

According to the literacy rate data, which nation most likely has the lowest standard of living?

• Cuba

• Brazil

• Mexico

• Nicaragua

According to the data, which country has most likely invested the most in human capital?

• Brazil

• Colombia

• Cuba

• Mexico

According to the data, which country has most likely invested the most in capital goods?

• Brazil

• Colombia

• Cuba

• Mexico

Use the information in the table to answer the questions.

​ (a)   is most likely to export goods for construction companies.

​ (b)   exports both sugar and citrus products.

• Brazil
• Cuba
• Mexico
• Colombia
• Haiti

What type of investment do the images reflect?

• capital goods

• human capital

• natural resources

• entrepreneurship

A country with a​ (a)   tends to have a higher standard of living.

• higher GDP per capita
• lower GDP per capita

Which of the factors of production is this?

• capital

• entrepreneur

• land

• labor

Land includes...

• The "gifts of nature" or natural resources not created by human effort.

• the tools, equipment, and factories used in production of goods and services

• people with all their efforts and abilities

• individuals who start a new business or bring a product to market.

Capital refers to...

• The "gifts of nature" or natural resources not created by human effort.

• people with all their efforts and abilities

• the tools, equipment, and factories used in production of goods and services

• individuals who start a new business or bring a product to market.