Physical Capital: Definition and Effects on Productivity


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question 1 of 3

_____ refers to the total amount of goods and services are produced within the economy.

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1. Rachel manages a box factory and just hired Franco. Does Franco count as physical capital?

2. Which of the following would be considered physical capital in agriculture?

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About This Quiz & Worksheet

Physical capital is an important concept in economics, and this quiz/worksheet will help you test your understanding of its forms and functions.

Quiz & Worksheet Goals

In these assessments you'll be tested on several aspects of physical capital, including:

  • The process of which physical capital is a part
  • Physical capital in the field of farming
  • The significance of physical capital
  • Forms of physical capital

Skills Practiced

This quiz and worksheet allow students to test the following skills:

  • Distinguishing differences - compare and contrast different examples of physical capital
  • Reading comprehension - ensure that you draw the most important information from the related marcoeconomics lesson
  • Information recall - access the knowledge you've gained regarding the production process

Additional Learning

To learn more about economics, review the accompanying lesson titled Physical Capital: Definition and Effects on Productivity. This lesson covers the following objectives:

  • Know the process physical capital is a part of
  • Define natural resources and human capital
  • Understand physical capital through real-world examples