Factors that influence economic growth in europe

Question 1

Which is the best description of Gross Domestic Product (GDP)?

Answer 1

estimate of the goods and services that are manufactured and produced within one year of a country

Question 2

a calculation of what a nation is worth

Answer 2

GDP

Question 3

The use of resources and money with a
particular country

Answer 3

economy

Question 4

How do industrialized nations keep the literacy rate high?

Answer 4

by offering better education

Question 5

What is GDP per capita?

Answer 5

the annual income of citizens within a country

Question 6

outdated and slow

Answer 6

obsolete

Question 7

What part of Europe has low literacy rates?

Answer 7

The Balkans

Question 8

What is capital?

Answer 8

Factories, machinery, and technology.

Question 9

how things are connected

Answer 9

relationship

Question 10

A nation with a high GDP typically does not invest in capital, while a nation with a low GDP does
invest in human capital.

Answer 10

False

Question 11

What part of Europe has high literacy rates?

Answer 11

Eastern

Question 12

What must happen before high quality and high paying jobs can exist?

Answer 12

The population must be literate

Question 13

A nation with a high GDP invests in human capital

Answer 13

True

Question 14

Which will likely raise the GDP of a country?

Answer 14

Investing in new technology for workers

Question 15

What typically happens to the standard of living in a country with low literacy rates?

Answer 15

There is a low standard of living

Question 16

Which city has an altered view of GDP per capita because of millionaires?

Answer 16

Moscow

Question 17

the measure of goods and services produced in
a country within a year

Answer 17

gross domestic product

Question 18

How is the economic growth of a country measured?

Answer 18

By comparing the GDP of different years

Question 19

What country in Europe has a high literacy late, but a low standard of living?

Answer 19

Russia

Question 20

Which will likely raise the GDP of a country?

Answer 20

investing in education and training of the workforce