Economic Growth

Economic Growth

5th Grade

10 Qs

quiz-placeholder

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Economic Growth

Economic Growth

Assessment

Quiz

Social Studies

5th Grade

Medium

Created by

Kalani M

Used 10+ times

FREE Resource

10 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

An entrepreneur invests their own _____ into their business.

2.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

What are the four basic factors that influence economic growth in ANY part of the world?

natural resources, capital goods, human resources, and technology

natural resources, capital goods, human resources, entrepreneurship

natural resources, capital goods, human nature, machines

natural resources, capital goods, uranium, entrepreneurship

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

____ is the total value of all goods produced by a country in one year.

Profit

Investment

Gross Domestic Product

Gross Profit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The above quote by Israel’s chairman of Israel Innovation authority suggests that Israel should do which of the following?

Invest more heavily in human capital

Increase spending on capital goods

Try to decrease economic growth

Intensify the annual military budget

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which statement BEST describes the relationship between a country's investment in capital goods and human capital and its GDP?

Investments in capital goods typically lead to a decrease in GDP

Investments in capital goods and human capital typically lead to an increase in GDP

a decrease in GDP typically leads to investments in capital goods and a reduction in education

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Capital goods are…

A person that invests their own money in starting a business

The training that workers need to be good at their job

Factories,tools and machines used to produce other goods and products

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a material on or in the earth that has economic value

capital goods

standard of living

human capital

natural resource

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