SS6e9

The amount of wealth and material comfort available to a person or country.

• Sanction

• Economics

• Literacy Rate

• Standard of Living

Things found in nature that can be used by people

• Imports

• Capital Goods

• Human Resources

• Natural Resources

People who provide the skills, energy, talent, abilities, and knowledge to produce goods or services.

• Importer Quality

• Capital Goods

• Human Capital

• Capital Resources

Items used to produce things. Examples include factories, machinery, and technology.

• Human Resources

• Production Capital

• Natural Resources

• Capital Goods

The value of all goods and services produced in a country in a year

• gds

• gdt

• gdp

• gdv

Investments in the health, education, and training of workers.

• Human Capital

• Capital Resources

• Education Resources

• Human Goods

People who start and own private businesses. They are important in an economy because they produce profits and create jobs leading to economic growth.

• Private Investment

• Entrepreneurs

• Investors

• Start Ups

Look at the chart above. Which country has invested more in human capital?

• Russia

• Germany

• United Kingdom

Based on the chart above, which country has the highest standard of living?

• Russia

• Germany

• United Kingdom

Based on the chart above, what can you infer about the impact of literacy rate and investing in human capital on the standard of living?

• The literacy rate and investment in human capital has no effect on a county’s GDP per capita.

• A country with a lower literacy rate and lower investment in human capital usually has a higher GDP per capita.

• A country with a higher literacy rate and higher investment in human capital usually has a lower GDP per capita.

• A country with a higher literacy rate and higher investment in human capital usually has a higher GDP per capita.