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Factors of Economic Growth (I)

Factors of Economic Growth (I). 7 th grade Social Studies. SS7E10. SS7E10: The student will describe factors that influence economic growth and examine their presence or absence in India, China, and Japan. SS7E10a.

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Factors of Economic Growth (I)

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  1. Factors of Economic Growth (I) 7th grade Social Studies

  2. SS7E10 • SS7E10: • The student will describe factors that influence economic growth and examine their presence or absence in India, China, and Japan

  3. SS7E10a • Explain the relationship between investment in human capital (education and training) and gross domestic product (GDP)

  4. SS7E10a • Human Capital: • Education and training • The money spent to educate and train workers in how to use new technology

  5. SS7E10a • Investment in human capital • Workers are more properly trained • GDP rapidly increases

  6. SS7E10a • No investment in human capital • Workers are not properly trained • GDP does not rapidly rise

  7. SS7E10b • Explain the relationship between investment in capital (factories, machinery, and technology) and gross domestic product (GDP)

  8. SS7E10b • Capital Goods: • Factories, machinery, and technology used to make other goods

  9. SS7E10b • Investment in capital goods • GDP rapidly increases

  10. SS7E10b • No investment in capital goods • GDP does not rapidly increase

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