Vocabulary related to Standard of Living and Human Capital.
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Human Capital | The skill a person possesses.
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| Human Capital | Examples: reading, writing, math.
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| Human Capital | Example: Going to school to learn how to read and write.
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| GDP | The money value of products and services a country produces in a year.
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| GDP | Gross Domestic Product
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| GDP | Example: The United States economy is valued at approximately 14 trillion dollars.
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| GDP Per Capita | The average amount of money a person makes a year. Differs from one country to the next.
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| GDP Per Capita | GDP Per Person
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| GDP Per Person | Example: In the Unites States, it is estimated at $48,000 per person.
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