Productivity & Growth Quiz

What does GDP per capita measure?

• How much money a country owes

• Output per person

• Total exports

• Happiness levels

Which country was mentioned as having few natural resources but high GDP per capita?

• Singapore

• Zimbabwe

• Bangladesh

• Mexico

What is “human capital”?

• A new kind of currency

• The total money a country has

• A worker’s education and skills

• The government’s budget

Why don’t high GDP numbers always mean people are richer?

• GDP is a fake number

• GDP doesn’t show income inequality

• Countries lie about GDP

• GDP is always adjusted for inflation

Which of these is NOT a factor of production?

• Labor

• Capital

• Inflation

• Land

What improved productivity in the U.S. in the 1990s?

• Fewer workers

• Internet & connected computers

• Higher taxes

• Less education

A country that produces more stuff with fewer resources is...

• Inefficient

• Unproductive

• More productive

• Poorer

Why do economists use GDP per capita instead of just GDP?

• It's easier to calculate

• It adjusts for population

• It's more fun to say

• It ignores inflation

What happens when productivity increases?

• Workers get paid less

• Workers can earn more

• GDP per capita decreases

• Technology gets worse

What is the "one-word" answer for why some countries succeed?

• Capital

• Inflation

• Productivity

• Exports