Name: ____________________________ Economic Research Guide 1. What are economic resources? Define and give examples of each type. a. Capital (definition): Examples: b. Human (definition): Examples: c. Natural (definition): Examples: 2. Explain each of the following. These are indicators used to determine a country’s wealth. • GDP: • GDP per capita: • Median income: • Unemployment rate: • Inflation: • Literacy rate: • Economic Growth Rate: • Imports: 1 • Exports: • Sector: o Agriculture: o Industry: o Services: • Household income by percentage share: 3. Read the article below and answer the questions on the following page. Analysis: 2 1. What a. b. c. is this article about? Circle the correct answer: Economic growth and women Economic growth and education Economic growth and workers 2. Summarize the first paragraph (fill in the blanks): The first paragraph compares ________ __________ and __________ ________________. Both regions spent about the same amount of money on improving _______________. However, ________ _________ focused on improving elementary education and emphasized education for _________ and ______________. This increased the ___________ for educated workers and improved the ________________ of these countries. 3. Summarize the second paragraph: ________ _____________ countries focused more on improving _____________ ________________. This benefitted the _________. This kept the cycle of __________ going. There were too many children to educate, poor quality schools due to __________, and few _________________ for women outside the home. ______ - ___________ workers receive low pay, and there is a lot of ____________________. The _______________ of these countries did not ____________ enough to keep up with the world economy. 4. Overall, what do you think the authors of this document are trying to prove? What is “the point?” 4. Read the below article and answer the questions that follow. 3 Analysis 1. What is this document about? Circle the correct topic: a. Economic Growth c. Gender equality in elementary education b. Human Capital d. All of the above 2. Explain human capital in your own words. 3. In your opinion, how does a country’s “supply” of human capital positively and/or negatively affect its economic growth? 4
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