Factors of Economic Growth
Quiz
•
Social Studies
•
7th Grade
•
Medium

Kelvin Smith
Used 44+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Gross Domestic Product?
The total value of the current economic market in one year
The total value of goods exported to another country in one year
The total value of goods produced and services provided in a county during one year
The total value of goods and services imported to anther country in one year
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Capital Goods?
Goods and tools that are used in producing other goods, rather than being bought by consumers
Good and tools purchased rather than imported to another country
Goods and tools manufactured in a country rather than bought by businesses
Goods and tools shipped globally rather than being exported internationally
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Human Capital?
Skills, education, training that a worker possesses in order to produce a good or service
Skills, labor, training that a worker possesses in order to make a living
Skills, knowledge, training that a person needs to get a job
Skills, training, technical education a worker needs to get hired
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Literacy Rate?
The number of people in a county over the age of 18 who attended college
The number of people in a county over the age of 15 who can read and write
The number of people in a country over the age of 10 who can read and write
The number of people in a country over the age of 20 who can read and write
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Standard of Living?
The degree of wealth and material comfort available to a person or community
The degree of wealth a person has in the bank
The degree of wealth a person has in the stock market
The degree of wealth a person gets that is passed down from generation to generation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the four factors of production that influence economic growth within a country?
Natural Resources
Human Capital
Capital Goods
Entrepreneurship
Natural Disaster
Global Warming
Capital Trade
Business Ventures
Gold
Diamonds
Oil
Gas
Land
Water
Air
Silver
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are Natural Resources?
Land
Water
Sun
Plants
Air
Brick
Stone
Aluminum
Rubber
Glass
Plastic
Cardboard
Bleach
Marble
Granite
Asphalt
Tin
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