Revision 2

GDP means...

• The amount of money produced in the world.

• The increasing economy from one country to another.

• The monetary value of all finished goods and services made within a country during a specific period of time.

• The monetary value of all goods and services produced in the world in a year.

It is an example of a finished good or service.

• A wheel

• A car door

• A car

• The engine

How can a country increase its GDP?

• By selling goods and services around the world.

• By increasing finished goods and services inside the country.

• By acquiring goods and services from another country.

• By selling cakes in the market.

Which is an example of investment in human capital?

• trucks
• factories
• education
• highways

High levels of GDP per capita indicate...

• Higher levels of happiness 
• Higher standard of living
• Equal levels of wealth 
• Self-sufficient communities

Why is GDP considered a crucial measure for assessing a country's economic health?

• It indicates the country's trade deficit

• It provides information about the total value of all goods and services produced within a country's borders in a specific time period

• It measures the total income of a country's citizens

• It calculates the total amount of money a government spends

What is the Human Development Index?

• The health of an individual.

• A set of statistics or numbers that rank countries by their development.

• The country a person lives in,

• The number of preventable diseases in a country.

Which one is NOT a factor when determining the HDI of a country?

• Education

• Health

• Income

• Miltary Size

What is the range of the Human Development Index?

• 0-1

• 0-100

• 50-99

• 99-100

The closer the HDI is to 0, the _____ developed the country is.

• less

• more