Factors of Production

The percent of the population over 15 that can read/write

A country is better off if it can use its ___ natural resources for the needs of its people

GDP measures how ___ or ___ a country is.

Which is NOT a factor of production?

Entrepreneurship ___ jobs and lessens unemployment

Better healthcare, education, & welfare programs are created from risk takers

The ___ capital goods a country has, the more goods/services they are able to ___

Successful businesses cannot have its ___ break down or fall apart

___ technologies can help a business produce more goods for a ___ price

Skills that pay the billz

Countries with a lot of natural resources can ___ them to other countries

Bill Gates & Steve Jobs

The ___ a country's GDP, the ___ standard of living

Invest in health, production, & training = more valuable ___ that make more goods & services

Without natural resources, countries must ___ the resources they need

The total value of goods and services produced by a country in a year

Trees, fertile fields, & water

The presence or absence of the 4 factors of production helps determine what?

factories, desks, computers, trucks

GDP can be used in all the following ways EXCEPT