GDP
Productive Resources
Capital Goods
Israel/Saudi Arabia, Turkey
Human Capital/Literacy
100
What is Gross Domestic Product (GDP)?
A. A countries literacy rate.
B. The total dollar value of all goods and services produced in one year.
C. The percentage of adults who can read and write.
B. The total dollar value of all goods and services produced in one year.
100
What are Productive Resources?
A. Resources that are used in war.
B. Resources that are only found in Southwest Asia.
C. The materials and labor used to create goods and services.
C. The materials and labor used to create goods and services.
100
Capital goods are the _______ materials that are needed to produce goods and services
A. Earthly
B. Man-made
C. Entrepreneurship
B. Man-Made
100
Israel has invested heavily in capital goods of:
A. Agriculture
B. Technology
C. Mining
D. All of the above
D. All of the above
100
Human Capital are the ____ and ____ someone has.
A. Education and Training
B. Clothes and Shoes
C. Natural Resources and Capital Goods
A. Education and Training
200
GDP is often measured as “GDP per capita.” Per capita means ________
A. Per the amount of food a county has.
B. Per the president's request.
C. Per Person.
C. Per Person
200
The four main categories of productive resources are ____________________________
A. Natural Resources, GDP, Literacy Rate, Standard of living
B. Saudi Arabia, Turkey, Israel
C. Natural resources, human capital, capital goods, entrepreneurship
C. Natural resources, human capital, capital goods, entrepreneurship
200
Some examples of capital goods include:
A. Factories
B. Machinery
C. Technology
D. All of the above
D. All of the above
200
Saudi Arabia has invested heavily in capital goods, especially in:
A. Technology
B. Oil Production
C. Transportation and Communication
D. All of the above
D. All of the above
200
Literacy Rate is the percentage of adults who can
A. Drive
B. Cook and Clean
C. Read and Write
C. Read and Write
300
Countries with a ______GDP per capita have stronger economies, while countries with _____ GDP per capita have weaker economies.
A. Higher, Lower
B. Lower, Higher
A. Higher, Lower
300
What are natural resources?
A. The materials that come from nature, such as land, forests, minerals, water, etc.
B. Materials that are man made.
C. Factories and Technology
A. The materials that come from nature, such as land, forests, minerals, water, etc.
300
The more a country invests in its capital goods, the ________ its economy and higher the GDP.
A. Weaker
B. Intelligent
C. Stronger
C. Stronger
300
What does this picture depict?
A. The White House
B. Saudi Oil Refinery
C. Chicken factory
B. Saudi Oil Refinery
300
Examples of Human Capital include
A. Doctors, Teachers, Factory Workers
B. Tractors
C. All of the above
A. Doctors, Teachers, Factory Workers
400
For the most part, the GDP per capita in the Southwest Asia region tends to be _______ than the figures found in Europe or the United States.
A. Higher
B. Semi Higher
C. Lower
C. Lower
400
They play an important role in a country’s economy because they are fuel for industry and are a source of _______ when exported to other countries
A. Income (Money)
B. Rights
C. Water
A. Income (Money)
400
Investment in better machines, updated factories, and new technology leads to
A. more goods and services being produced
B. more people leaving the country
C. cultural differences
A. more goods and services being produced
400
Turkey’s investments have been in agriculture in the past, but that investment has recently shifted to
A. Chicken Factories
B. Textiles, Equipment, and metal manufacturing
C. All of the above
B. Textiles, Equipment, and metal manufacturing
400
Countries invest in Human Capital by
A. making education and training programs available to all of its citizens
B. Making citizens work extra hours
C. Providing food and water
A. making education and training programs available to all of its citizens
500
Economists measure the strength of a country’s economy by its _________.
A. Amount of designer clothes they produce.
B. Gross Domestic Product.
C. The amount of food they provide to their citizens.
B. Gross Domestic Product
500
Southwest Asia lacks in some natural resources like fresh water and forests, but resources like _____and arable land have greatly affected the development of those industries in the region.
A. Rivers
B. Oil
C. Diamonds
B. Oil
500
Investment in capital goods typically leads to an increase in ___________.
A. GDP per capita
B. Saudi Arabia's water problems
C. the pollution in the United States
A. GDP per capita
500
Turkey is looking to increase its capital investment by bringing in more ______________.
A. Foreign Investors
B. Water sources
C. Factories
A. Foreign Investors
500
Southwest Asia’s literacy rates are generally _____ than the worldwide average
A. Lower
B. Higher
B. Higher