FACTORS OF ECONOMIC GROWTH

Question 1

Computer/reading/writing/math skills, talents in music/sports/acting are examples of __________

Accepted Answer

human capital

Question 2

_________ is the total value of all goods and services in a nation in a given year.

Accepted Answer

Gross Domestic Product

Question 3

All things found in nature. "Gifts of nature"

Accepted Answer

natural resources

Question 4

The skills, talents, education, and training that human workers have are known as __________

Accepted Answer

human capital

Question 5

Tools, equipment, factories, technology, computers, lumber, machinery, etc are examples of ____

Accepted Answer

capital goods

Question 6

The more of the 4 factors of economic growth a nation has, the lower its Gross Domestic Product

Accepted Answer

False

Question 7

Land, water, sun, plants, time, air, minerals, oil, etc. are examples of ____________

Accepted Answer

natural resources

Question 8

Entrepreneurs bring together capital goods, human capital, & natural resources.

Accepted Answer

True

Question 9

________________ is defined as the percentage of a population over 15 that can read and write.

Accepted Answer

Literacy Rate

Question 10

The more of the 4 factors of economic growth a nation has, the lower its Gross Domestic Product

Accepted Answer

False

Question 11

When a country does not produce enough natural resources, they will have to _______ them.

Accepted Answer

import

Question 12

People who provide the money to start and operate a business are called _________.

Accepted Answer

entrepreneurs.

Question 13

Human capital, capital goods, entrepreneurship, and natural resources are

Accepted Answer

factors of economic growth

Question 14

All of the goods that are produced in the country and then used to make other goods & services.

Accepted Answer

capital goods

Questions 14