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(DMS) World Factbook

Vocabulary related to Standard of Living and Human Capital.

QuestionAnswer
Human Capital The skill a person possesses.
Human Capital Examples: reading, writing, math.
Human Capital Example: Going to school to learn how to read and write.
GDP The money value of products and services a country produces in a year.
GDP Gross Domestic Product
GDP Example: The United States economy is valued at approximately 14 trillion dollars.
GDP Per Capita The average amount of money a person makes a year. Differs from one country to the next.
GDP Per Capita GDP Per Person
GDP Per Person Example: In the Unites States, it is estimated at $48,000 per person.
Created by: jhoward72