Africa's Factors of Economic Growth Comprehension Check

Front

What does "gross domestic product" mean?

Back

Total value of goods & services produced in one year.

Front

What is a county's GDP divided by its population called?

Back

GDP per capita

Front

Which productive resource can be a source of income when exported? Options: Capital goods, Natural resources, Human capital, Entrepreneurship

Back

Natural resources

Front

Where is nearly one-half of the world's gold reserve located? Options: Nigeria, Kenya, South Africa, Sudan

Back

South Africa

Front

What is the basis of Nigeria's economy?

Back

Oil

Front

Why is most of Nigeria's population living in poverty when the country exports more than 3 million barrels of oil each day?

Back

Oil profits bypass the people & go to corrupt politicians.

Front

When a county invests in education for its citizens, what is it increasing?

Back

Human capital

Front

A lack of investment in human capital has led to high poverty (70%) & unemployment in which country? Options: Kenya, South Africa, Nigeria, Egypt

Back

Nigeria

Front

A country can increase its capital goods by investing in what? New machinery, technology, factories, etc., Land, forests, minerals, etc., Doctors, teachers, nurses, etc., Clothes, shoes, makeup, etc.

Back

New machinery, technology, factories, etc.

Front

Which country has been building more schools in rural areas, improving roads and providing more electricity in order to help its economy grow?

Back

Kenya