1) What is Economy? a) a system in which people produce, sell, and buy things. b) a shortage of something c) the average income a person makes in a year d) the percent of population that can read or write. 2) What is a developed country look like? a) low literacy rate b) low life expectancy   c) countries that have a lot of businesses and high GDP per capita d) countries that have mostly farming with low GDP per capita 3) What is literacy rate? a) a shortage of something b) average income a person makes in a year c) low life expectancy d) the percentage of the population that can read or write. 4) Life Expectancy a) the percentage of the population that can read or write. b) the expected number of years a person has to live c) low GDP per capita d) a shortage of something 5) What is a developing country? a) countries that have a lot of businesses b) low GDP per capita, high HDI, & low literacy rate c) High GDP per capita, low HDI & high literacy rate d) countries that have an average income per year of 65,000 6) Human Development Index (HDI) a) the percentage of the population who can read or write b) a shortage of something c) the average income a person makes in a year d) ranking of countries by development 7) GDP Per Capita a) the average income a person makes in a year b) a shortage of something c) ranking of countries by development d) the percentage of population that can read or write 8) What is scarcity? a) the percentage of the population that can read or write. b) a shortage of something c) ranking of countries by development d) countries that have a lot of businesses 9) What is a Free Enterprise economy? a) citizens can privately own businesses  b) ranking of countries by development c) a shortage of something d) government owns or controls economy and decides what will be produced and sold  10) What is a Command economy?  a) citizens can privately own businesses b) government owns or controls economy and decides what will be produced and sold (North Korea) c) a shortage of something d) USA & Canada

Economic Indicators - 6th Social Studies

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