39a, b, c, d: Factors of growth in Kenya, SA, and Nigeria

How do literacy rates impact GDP?

• literacy rates have no impact on GDP

• high literacy rates mean a country has invested in capital goods, so their GDP will increase

• high literacy rates mean a country has invested in human capital, so their GDP will decrease

• high literacy rates mean a country has invested in human capital, so their GDP will increase

Petroleum (oil) and petroleum products, cocoa, and rubber are the major exports of which African nation?

• Kenya

• Nigeria

• South Africa

• Egypt

Which of these countries has made the greatest investment in capital goods?

• Nigeria

• Sudan

• Kenya

• South Africa

Which African country's top exports are tea, fresh cut flowers and buds, coffee, petroleum products, fish, and cement?

• Nigeria

• South Africa

• Kenya

• Sudan

What is the definition of Gross Domestic Product (GDP)?

• The total value of all the goods and services a country produces in a year.
• The total value of all goods imported within a year.
• The total value of taxes collected in a year.
• The total value of all goods produced by entrepreneurs in a year.

Why is it important for a government to invest in human capital?

• A country’s economy is more successful when workers have good education.

• Businesses cannot do all the training needed by workers to be successful.

• Workers enjoy getting extra training and job opportunities.

• A country needs money in order to pay its workers.

How do factors of growth impact the GDP of a country? 

• The more a country invests in the factors of growth, the more the GDP will grow.
• The more a country invests in GDP, the more the factors of growth will grow.
• The more a country invests in the factors of growth, the less the GDP will grow.
• The more a country invests in GDP, the less the factors of growth will grow.

Why is it difficult to become an entrepreneur in Nigeria, South Africa, or Kenya?

• it is difficult to acquire natural resources in all three countries

• it is difficult to get funding in all three countries

• it is difficult to find workers in all three countries

• it is difficult to move products because all three countries have no infrastructure

Which of these would be an example of investing in capital goods?

• Upgrading the factories, tools, or technology in your country
• Providing better education for your citizens
• Exploring for more crude oil in your country
• Providing better healthcare for your citizens

When a country improves its factories, technology, and infrastructure (roads/ports/etc.), which of the following resources is it investing in?

• human capital

• capital goods

• natural resources

• currency