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GDP & Resources & Literacy Rate
  • 1. What does GDP stand for?
A) Gross Domestic Product
B) Greater Division Products
C) Gross Demographics Producing
D) Growing Districts Proudly
  • 2. Which of these things would NOT be included in the United States GDP?
A) a shirt made in California sold in Buford
B) a visit to the hair salon in Flowery Branch
C) wine from Italy sold in America
D) corn from Nebraska sold in Georgia
  • 3. Which of the following would NOT be included in the United States GDP?
A) a dress that was made in New York and bought in Atlanta
B) a car that was made in Newnan Georgia and sold in Buford Georgia
C) a bus ride in Atlanta
D) an iPhone sold in Buford that was made in China
  • 4. If your country has a high GDP, that usually means that the economy is strong.
A) True
B) False
  • 5. Which is an example of HUMAN capital resources?
A) The fabric that is used to create the clothes
B) The cotton plant that was used to make the fabric
C) The truck that the cotton travels in to get to the factory
D) The truck driver that delivers clothes to a store
  • 6. Which is an example of a capital resource?
A) the tree that the wood came from to make the furniture
B) the man who transports the tree to the factory
C) the chainsaw used to cut down the tree to make furniture
D) the person who designs the furniture
  • 7. Which is an example of a natural resource?
A) the computer used to run the factory
B) the furniture
C) the corn fields
D) the dress
  • 8. What is a literacy rate?
A) The % of adults in a country that went to college
B) The % of adults in a country that can read and write
C) The % of adults in a country that know how to drive
D) The % of adults in a country that drop out of school
  • 9. What is usually the relationship between the literacy rate and the GDP?
A) The lower the literacy rate, the higher the GDP. People work harder and smarter if they don't know how to read and write.
B) The GDP causes the literacy rate to drop, people are too busy shopping to go to school and learn.
C) There is no relationship between the literacy rate and the GDP
D) If a country has a high literacy rate it will have a high GDP, workers that can read and write can learn and become more efficient and better at their jobs.
  • 10. Which of these would be an example of an entrepreneur?
A) a professional football player
B) a lawyer
C) a cashier at Wal-Mart
D) a person who developed an app for the iPhone
  • 11. Which of these is an example of investing in capital resources?
A) buying new machinery for the factory
B) selling what is produced at the factory
C) exporting trees
D) encouraging education for young people
  • 12. Which of these is an example of investing in human capital resources?
A) requiring education for all children
B) chopping down trees to make pencils
C) supplying the factory with a new computer system
D) using gas in the trucks used to transport goods
  • 13. Which of these is NOT an example of a good?
A) brush
B) dresses
C) pencils
D) hair stylist
  • 14. Which of these is NOT an example of a service?
A) Nurse
B) computer repairman
C) Dog Walker
D) TV
  • 15. People who buy products are known as ______________.
A) producers
B) GDP
C) natural resource
D) consumers
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