Africa's Factors of Economic Growth Comprehension Check

What does "gross domestic product" mean?

• Total number of natural resources.

• GDP per capita

• Total number of people that cannot read or write.

• Total value of goods & services produced in one year.

When a county invests in education for it's citizens, what is it increasing?

• Entrpreneureship

• Human capital

• Capital goods

• Natural resources

What is a county's GDP divided by its population called?

• GDP per capita

• Human capital

• Literacy rate

• Capital goods

Doctors, teachers, factory workers, etc. are examples of:

• Entrepreneureship

• Human capital

• Capital goods

• Natural resources

Someone who takes risks to start a new business:

• Natural resources

• Human capital

• Entrepreneurship

• Capital goods

Why is most of Nigeria's population living in poverty when the country exports more than 3 million barrels of oil each day?

• Most people are literate.

• Most people are illiterate.

• Oil profits bypass the people & go to corrupt politicians.

• Oil profits are spread out evenly across the continent.

A lack of investment in human capital has led to high poverty (70%) & unemployment in which country?

• Kenya

• South Africa

• Nigeria

• Egypt

The United States GDP is about $58,000, while the GDP of most African countries is less than $5,000. What can you infer about the standard of living in most African countries compared with the U.S.?

• The standard of living is lower in the U.S.

• The standard of living is lower in most African countries.

• The GDP has no effect on the standard of living.

Where is nearly one-half of the world's gold reserve located?

• Nigeria

• Kenya

• South Africa

• Sudan

Based on what you know about literacy rates, which country probably has the highest standard of living - South Africa, Kenya or Nigeria?

• Nigeria

• South Africa

• Kenya