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