FACTORS OF ECONOMIC GROWTH

Question 1

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

Accepted Answer

True

Question 2

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

Accepted Answer

False

Question 3

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

Accepted Answer

factors of economic growth

Question 4

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

Accepted Answer

human capital

Question 5

All things found in nature. "Gifts of nature"

Accepted Answer

natural resources

Question 6

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

Accepted Answer

human capital

Question 7

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

Accepted Answer

capital goods

Question 8

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

Accepted Answer

False

Question 9

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

Accepted Answer

capital goods

Question 10

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

Accepted Answer

Gross Domestic Product

Question 11

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

Accepted Answer

entrepreneurs.

Question 12

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

Accepted Answer

natural resources

Question 13

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

Accepted Answer

import

Question 14

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

Accepted Answer

Literacy Rate

Questions 14