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To ensure a healthy and growing GDP, nations must invest in _______ like the healthcare education, and training of a nation’s workers.
profits
GDP (gross domestic product)
standards of living
private sector
capital goods (physical capital)
Australia most likely has seen a rise in GDP per capita incomes.
human capital
Natural resources
Australia ranks 18th in the world for human capital investment. What would this statistic indicate?
profits
GDP (gross domestic product)
standards of living
private sector
capital goods (physical capital)
Australia most likely has seen a rise in GDP per capita incomes.
human capital
Natural resources
Low literacy rates typically correlate to lower ___________.
profits
GDP (gross domestic product)
standards of living
private sector
capital goods (physical capital)
Australia most likely has seen a rise in GDP per capita incomes.
human capital
Natural resources
This is the part of the economy owned and operated by private citizens.
profits
GDP (gross domestic product)
standards of living
private sector
capital goods (physical capital)
Australia most likely has seen a rise in GDP per capita incomes.
human capital
Natural resources
These are the economic gains of a business, i.e. the money that is made by a business.
profits
GDP (gross domestic product)
standards of living
private sector
capital goods (physical capital)
Australia most likely has seen a rise in GDP per capita incomes.
human capital
Natural resources
___________ like coal, iron ore, natural gas, oil, gold, silver, copper, and uranium also affect Australia's GDP.
profits
GDP (gross domestic product)
standards of living
private sector
capital goods (physical capital)
Australia most likely has seen a rise in GDP per capita incomes.
human capital
Natural resources
One factor which can impact a nation’s GDP is its level of investment in _______ like the factories, machinery, and technology that businesses need.
profits
GDP (gross domestic product)
standards of living
private sector
capital goods (physical capital)
Australia most likely has seen a rise in GDP per capita incomes.
human capital
Natural resources
The estimated total value of all the final goods and services produced in a nation in a year’s time is the ______.
profits
GDP (gross domestic product)
standards of living
private sector
capital goods (physical capital)
Australia most likely has seen a rise in GDP per capita incomes.
human capital
Natural resources
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