6th Grade Weekly Quiz

Which of these is a sign that a country is considered "developed"?

• low birth rate

• low literacy rate

• diets low in protein

• low GDP per capita figures

• high population growth rate

How does specialization allow for a higher standard of living?

• Everyone is better educated.

• Those who specialize have more money.

• People who specialize are happier than those who don't.

• People can trade for those items they don't produce themselves.

When determining the standard of living in a country, which indicator is the most practical and reliable?

• GDP

• CPI

• per capita GDP

• unemployment rate

• unemployment rate per capita

If consumers increase their purchases of goods and services, then a likely outcome for our economy is:

• rising GDP.

• rising unemployment.

• decreasing factory orders.

• slowing economic growth.

Using this map, which statement regarding the economy of Alberta, Canada is MOST likely true?

• A. Its success depends on the productivity of mining.

• B. It should diversify its economy in order to thrive.

• C. Its success depends on the outcome of a single crop.

• D. It is a diverse economy with many economic resources.

If Canada wanted to increase the value of its "human capital," which of these would be the BEST course of action?

• build more factories

• increase funding to public schools

Canada's literacy rate is over 99%. Because of this, you could expect that:

• Canada would have a high unemployment rate.

• Canada would have a high standard of living.

• Canada would not allow an increase in immigration.

• Canada would need to increase funding to its education programs.

How are the quantity and price of goods and services in the marketplace affected by an increase in Canadian input costs?

• Price increases while the quantity decreases.

• Price increases while quantity increases.

• Price decreases while the quantity decreases.

• Price decreases while the quantity increases.

Canada is considered a Developed - or "Industrial"- Economy. Which of these would MOST likely be used to support this claim?

In which situation might GDP (Gross Domestic Product) NOT be an accurate indicator of the health of a country's economy?

• The country is embarking on large public works projects.

• The country has recently joined a new trade organization.

• The country relies on agriculture for most of its export revenues.

• The country has recently begun trading much more with a large trading partner.

• The country has suffered a disaster and is receiving financial aid from overseas.