Europe Econoimc

What does GDP do?

• measures the unemployment rate

• measures the health of a country's economy

• measures the strength of the government

• measures the amount of debt the country owes

Productive Resources are materials that come from nature: land, forests, minerals, water, etc.

• True

• False

A _______________ is someone who takes a risk and starts a new business.

• salesman

• entrepreneur

• lawyer

• economist

What role does an entrepreneur play in an economic system?

• they grow the natural resources of a country

• they help the economy by opening up new businesses, creating new jobs, and developing new products

• they help the economy by boosting the literacy rate in lower economic areas

• they help the economy by creating new trading partners around the world

What is a literacy rate?

• the rate of speed that a person reads

• the percentage of children that can't read and write

• the percentage of adults who can read and write

• the percentage of lower economic areas that can read and write

How does a country's literacy rate impact the economy?

• country's with higher literacy rates enjoy a higher standard of living

• country's with lower literacy rates work more hours than country's with higher rates

• country's with lower literacy rates have higher paying jobs than other countries

• country's with a higher literacy rate have more economic issues than country's with lower literacy rates

What is capitol goods?

• goods that are exported into the country

• goods that are imported into the country

• nature made materials such as forest, land, and water

• man-made materials that are needed to produce goods and services

__________ __________ are a country's important resource to fill jobs within the economy.

• Capitol Goods

• Literacy Rate

• Human Capital

• Productive Resources

Germany and the United Kingdom both have strong investments in ____________ ______________.

• Natural Resources

• Human Capital

• Capital Goods

• GDP

The literacy rate for Germany and the United Kingdom is around _______%.

• 99%

• 100%

• 50%

• 80%