Australia Factors of Economic Growth

Australia Factors of Economic Growth

6th Grade

9 Qs

quiz-placeholder

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Australia Factors of Economic Growth

Australia Factors of Economic Growth

Assessment

Quiz

Social Studies

6th Grade

Medium

Created by

Kaitlyn Rajczak-Owens

Used 13+ times

FREE Resource

9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is an example of investing in capital goods by a company?

A. providing healthcare for workers

B. providing classes for workers to learn new skills

C. keeping an old machine to see if it will last longer

D. buying new computers to build products more quickly, updating factories and technology

2.

MULTIPLE CHOICE QUESTION

30 sec • 13 pts

The level of wealth and material comfort available:
Literacy Rate
Human Capital
Gross Domestic Product
Standard of Living

3.

MULTIPLE CHOICE QUESTION

30 sec • 13 pts

Skills, educations, and knowledge of workers:
Human Capital
Standard of Living
Entrepreneur
Literacy Rate

4.

MULTIPLE CHOICE QUESTION

30 sec • 12 pts

Total value of all goods and services produced by a country in one year:
GDP
GDP per capita
Economic System
Literacy Rate

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Investments in education, health, skills, and training are all examples of

A. Standard of living

B. Human capital

C. Capital goods

D. Physical capital

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Australia has a high literacy rate which means it would also have a high

A. Standard of living

B. Tax rate

C. Unemployment

D. Birth rate

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do entrepreneurs affect Australia’s economy?

A. They increase the standard of living.

B. They decrease the need for physical capital.

C. They produce jobs, create new products and ideas which helps the economy.

D. They create taxes which increases the GDP.

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has helped Australia to have a high GDP?

A. poor healthcare

B. modern factories and technology

C. natural resources that are hard to develop

D. workers with low-paying jobs

9.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An Australian couple began a company selling diamond earrings. They bought a small warehouse as the place to start the business. They purchased diamonds and gold from local mines. They hired artists to create new and original designs. These Australians are examples of ______________.

A. capital resources.

B. entrepreneurs.

C. human resources.

D. natural resources.