Economic Indicators Answers

A country’s gross domestic product divided by its population is known as __________.

Leon is a family doctor. In which economic sector does he work?

What determines in which economic sector a job belongs?

Least-developed economies are dominated by jobs in the __________ sector.

Read the sentence below and answer the question that follows. When a country’s economy becomes more developed, the standard of living usually increases. The term underlined in the sentence above is best defined as __________.

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

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.

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

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?

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 __________.

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?

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 A is $8,000. Most of the workforce is employed in either primary or secondary sector jobs. What is most likely about Country A’s economic development?

Which continent has the greatest number of least-developed countries?