The total value of all goods and services a country imports.

The total value of all goods and services a country exports.

The total value of all goods and services produced within a country in one year.

The net loss in profits within a country due to imports.

lower

greater

smaller

answers 1 and 3 are correct

investment in human capital, investment in physical capital, land (natural resources), entrepreneurship

good international relations, a democratic president, strict laws, freedom of press

a powerful military, strong dictatorial leadership, communist regime, little personal freedom

a monarchy, the World Bank, a parliamentary democracy, personal freedom

resources that are gone from nature

resources that are manufactured for the environment

resources that are considered worthless

materials or substances that occur in nature and can be used for economic gain.

countries that have a lot of natural resources are able to use them to produce goods and services cheaper than a country that has to import them. Therefore, a country with a lot of natural resources usually has a greater GDP than a country with little natural resources.

countries with a lot of natural resources are usually taken over by other countries and don't have to worry about paying for anything

they cannot become communist

there is no advantage since most natural resources are worthless

the place where the most people live within a country

the place where the most work is performed within a country

the people who perform labor (work)

the building where most people work in a country or state

because the more people you have working in one area like a capital the more productive it will be

it leads to a lower GDP

it leads to lower literacy rate

investment in the education and skills training of people creates a smarter and more productive workforce, which relates to a higher GDP.

goods that are produced in the capital

the factories, machinery, and technology used to produce goods and services

goods that are produced without natural resources

goods that are produced by the government

they shouldn't, it is too expensive

because capital goods cannot be sold to other countries

when countries invest in capital goods, they are providing better facilities, resources, and/or materials for the people who perform the labor, which creates a more productive workforce leading to greater economic growth (higher GDP).

because capital goods are less expensive than private goods

represent business at the capital

make all the laws in regards to business

start their own business, invent something new, or change the way something was previously done so that it works better

work in politics with regards to foreign business

it creates jobs and reduces unemployment

it encourages people to take risks,and in doing so, create better materials, products, and technologies

the more entrepreneurs a country has, the higher the country's GDP

answers 1,2,and 3 are all correct