1. Human Capital and Capital Goods Versus GDP
7th Grade Social Studies

2. SS7E3
SS7E3
The student will describe factors that influence economic growth and examine their presence or absence in Nigeria and South Africa

3. SS7E3a
SS7E3a
Explain the relationship between investment in human capital (education and training) and gross domestic product (GDP)

4. Human Capital Human Capital Education and Training
The money spent to educate and train workers in how to use new technology

5. Human Capital V. GDP (1) Investment in human capital
Workers are more properly trained
GDP increases

6. Human Capital v. GDP (II)
No investment in human capital
Workers are not properly trained
GDP does not increase

7. SS7E3b
SS7E3b
Explain the relationship between investment in capital (factories, machinery, and technology) and gross domestic product (GDP)

8. Capital Goods Capital Goods
Factories, machinery, and technology used to make goods

9. Capital v. GDP
Investment in capital goods
GDP increases

10. Capital v. GDP (II) No investment in capital goods
GDP does not increase