Economic Indicators Answers

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Jobs focused on gaining knowledge for others to use are part of the __________ sector. A. primary B. secondary C. tertiary D. quaternary Please select the best answer from the choices provided

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In 1900, 40% of the US labor force worked in agriculture. A hundred years later, in 2000, only 2% worked in agriculture. What is an important reason for this change? A. There was not enough good farmland left. B. Congress passed a law restricting the number of farmers there can be. C. Improved technology meant that the country needed fewer farmers to meet its needs. D. Large numbers of farmers left the US for countries where they were needed. Please select the best answer from the choices provided

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What is the most frequently used measure of economic development? A. total GDP B. literacy rate C. income tax rate D. GDP per capita Please select the best answer from the choices provided

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Which of the following is not evidence of a country’s increasing economic development? A. a larger GDP per capita B. an increase in primary-sector jobs C. the use of more and more technology D. a better standard of living for most people Please select the best answer from the choices provided

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Some benefits of using __________ on farms instead of human labor are that work can be done much more quickly and the cost of production usually is decreased. A. GDP B. technology C. a standard of living D. economic sectors Please select the best answer from the choices provided

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What determines in which economic sector a job belongs? A. how much the job pays B. how many people have the job C. how much people in the job produce D. how closely the job is connected to natural resources Please select the best answer from the choices provided

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Leon is a family doctor. In which economic sector does he work? A. primary B. secondary C. tertiary D. quaternary Please select the best answer from the choices provided

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Read the sentence below and answer the question that follows. Each economic sector plays a vital role in a nation’s economy. The word underlined in the sentence above is best defined as __________. A. decision B. activity C. dollar D. part Please select the best answer from the choices provided

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Andy is the captain of a fishing boat. In which economic sector does he work? A. primary B. secondary C. tertiary D. quaternary Please select the best answer from the choices provided

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D

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