When economists discuss productivity, they are talking about...

Output per unit of input, such as labor or capitol

Human Capital is a word used by economists to describe...

The economic value of a worker's skill set

All of the following would be considered to be part of a country's natural resources except...

Amount of money available for investment

One reliable measure of economic growth is...

Annual percentage change in GDP

GDP is best defined as the...

Value of all final goods and services produced by a country

studbud

The Economics of Income: The Rich Nations Mystery

10 termsStudBud Administration1,800 plays

In this Quiz! Quiz, students will examine why some nations are economic successes and some countries struggle.

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
The dollar value of the average economic productivity of a person in a given country is called:
Productive Worker Value
National Worker Average
Per capita GDP
Average Income
2
When economists discuss productivity, they are talking about...
How much revenue a firm or country generates
The size of a country's labor force
Output per unit of input, such as labor or capitol
How much a country or firm produces
3
There were this many countries represented in the last Olympic games:
104
206
312
79
4
Human Capital is a word used by economists to describe...
The ratio of workers to physical capital
The economic value of a worker's skill set
The size of a country's labor force
The number of workers needed to build the Capitol
5
These four countries have the largest populations in the world:
China, India, U.S., Indonesia
U.S., China, Brazil, Mexico
India, China, Japan, U.S.
China, Mexico, U.S., Japan
6
All of the following would be considered to be part of a country's natural resources except...
Deepwater ports
Farmland
Mineral deposits
Amount of money available for investment
7
One reliable measure of economic growth is...
Percentage change in national debt
Change in inflation
Annual percentage change in GDP
Population growth
8
All of the following are common measures of a countries standard of living except:
Life expectancy
Literacy rate
Infant mortality
National debt
9
These four countries have the largest economies in the world as measured by GDP (Nominal)
U.S., China, Germany, Japan
China, India, Japan, U.S.
U.S., China, Canada, Mexico
China, France, Germany, India
10
GDP is best defined as the...
Value of all income made by all people in a country
Value of all income and savings of a country
Value of all final goods and services produced by a country
Value of all goods traded with other countries in a year

The Economics of Income: The Rich Nations Mystery Flashcards | StudBud