Factors of Economic Growth (I) 7th 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 Explain the relationship between investment in human capital (education and training) and gross domestic product (GDP)

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

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

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

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

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

SS7E10b Investment in capital goods GDP rapidly increases

SS7E10b No investment in capital goods GDP does not rapidly increase