Review Factors of Growth

Which factor of economic growth is this?

Labor and workers

• Capital Goods

• Natural Resources

• Human Capital

• Entrepreneurship

Which factor of economic growth is this?

Materials that come from Earth

• Capital Goods

• Natural Resources

• Human Capital

• Entrepreneurship

Which factor of economic growth is this?

People with ideas for new businesses

• Capital Goods

• Natural Resources

• Human Capital

• Entrepreneurship

Which factor of economic growth is this?

Physical things needed to run a business

• Capital Goods

• Natural Resources

• Human Capital

• Entrepreneurship

Sort these into the correct factor of economic growth:

Groups:

(a) Capital Goods

,

(b) Natural Resources

,

(c) Human Capital

,

(d) Entrepreneurship

• Lumber

• Managers

• Rivers

• Inventors

• Minerals

• Computers

• Employees

• Fossil Fuels

• Roads

• Owners

• Factories

• CEOs

• Packaging

• Labor

What are each of these investing in?

Groups:

(a) Capital Goods

,

(b) Natural Resources

,

(c) Human Capital

,

(d) Entrepreneurship

• Improving building efficiency

• Opening business schools

• Increasing literacy rate

• Healthcare for all citizens

• Building new cargo train lines

• Giving out loans for new products

• Reducing fossil fuel use

• Passing laws to prevent overfishing

• Updating technology

• Providing college educations

• Cleaning up rivers and lakes

• Investing in new companies

Will this INCREASE or DECREASE Canada's GDP?

Spending money to update industry technology

• Increase

• Decrease

Will this INCREASE or DECREASE Canada's GDP?

Creating new preschool programs that teach reading earlier

• Increase

• Decrease

Will this INCREASE or DECREASE Canada's GDP?

Giving a contract for a country to clear-cut large areas of the Canadian Shield

• Increase

• Decrease

Will this INCREASE or DECREASE Canada's GDP?

Requiring businesses to rent land from the government instead of owning it themselves

• Increase

• Decrease