Economic Systems
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- 1.What is Economic Activity?
- A.
Decisions made on what has been done in the past.
- B.
Work that people do to improve their quality of life, or to increase their wealth.
- C.
Taxes charged on goods imported into the country.
- D.
Countries that has a high proportion of their workforce in the tertiary sector.
- E.
Decisions are made within a system that has aspects, of both command and market economies.
- 2.What is Gross National Product?
- A.
Extract natural resources from the enviroment and make them into semi finished goods,
- B.
Work that people do that is not reported as an economic activity, to avoid records being kept and taxes paid.
- C.
Total Value of all the goods and services produced within a country in a year. The sum of all the economic activities of the citizens of a country in a year, regardlesss of wher the money was earned.
- D.
A set of living conditions such as birth rate, death rate, and literacy rate that gives you a general picture of what life is like in a given country.
- E.
Goods and services that we can see and touch that makes our lives better.
- 3.Formal Economic Activities: Work for wich wages are __________and records are ___________. Informal Economic Activities : Work for which wages are___________ and records are______________
- 4.
- 5.What is the difference between developed, and developing countries.
- 6.What Are the Three Economic industries? Explain
- 7.What are exploding Populations?
- 8.What are the 3 big automative companies
- 9.What is the Gross Domestic Product?
- 10.What is Economic Activity?
- 11.What is Material Wealth, and Non Material Wealth?
- 12.What are the 4Economic Resources?
- 13.What is GNP
- 14.What is Globalization?
- 15.What are Economic Systems, Questions to consider, and who decides?
- 16.Stone Age
- 17.What are Tarrifs?
- 18.What is the Industrial Revolution?
- 19.What is HDI
- 20.What is urbanization?
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