4.3 Economic Indicators Answers

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1
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Experts who study a country’s development measure the __________.

A
level of worker satisfaction
B
quality of goods produced and sold
C
cost of the technology used by the primary sector
D
economic health, social conditions, and living conditions
2
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A country’s gross domestic product divided by its population is known as __________.

A
GDP per capita
B
standard of living
C
an economic sector
D
measurement of growth
3

What is gross domestic product?

A
The total dollar value of a country’s goods divided by the country’s population.
B
The level of comfort the average person in a country can reasonably afford.
C
The measure of a country’s economic health, social conditions, and standard of living.
D
The total dollar value of all the final goods and services produced within a country’s borders in a given year.
4

Read the sentence below and answer the question that follows. Each economic sector plays a vital role in a nation’s economy. The word underlined in the sentence above is best defined as __________.

A
decision
B
activity
C
dollar
D
part
5

Read the passage below and answer the question that follows. Let’s say the average GDP per capita for the world’s countries is $10,500. The GDP per capita of Country B is $10,000. The majority of the workforce is in tertiary-sector jobs. What is most likely about Country B’s economic development?

A
Country B has a developed economy.
B
Country B has a developing economy.
C
Country B has a least-developed economy.
D
We can tell nothing about the economic development of Country B.
6

Jobs focused on gaining knowledge for others to use are part of the __________ sector.

A
primary
B
secondary
C
tertiary
D
quaternary
7

Some benefits of using __________ on farms instead of human labor are that work can be done much more quickly and the cost of production usually is decreased.

A
GDP
B
technology
C
a standard of living
D
economic sectors
8

Read the sentence below and answer the question that follows. Joey decided it was time to go to college because all of the jobs he used to have on the farm were being mechanized. The word underlined in the sentence above is best defined as __________.

A
used to increase human capabilities or make people’s lives easier
B
changed to allow only people with college educations to participate
C
downsized and sent overseas
D
conducted by machines
9

In 1900, 40% of the US labor force worked in agriculture. A hundred years later, in 2000, only 2% worked in agriculture. What is an important reason for this change?

A
There was not enough good farmland left.
B
Congress passed a law restricting the number of farmers there can be.
C
Improved technology meant that the country needed fewer farmers to meet its needs.
D
Large numbers of farmers left the US for countries where they were needed.
10

Andy is the captain of a fishing boat. In which economic sector does he work?

A
primary
B
secondary
C
tertiary
D
quaternary

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