GPD and human capital

By: Alomaur Day

 Standard
SS7E7 The student will describe factors that
influence economic growth and examine their
presence or absence in Israel, Saudi Arabia, and
Iran.
a. Explain the relationship between investment in
human capital (education and training) and gross
domestic product (GDP).
b. Explain the relationship between investment in
capital (factories, machinery, and technology) and
gross domestic product (GDP).
c. Explain the role of oil in these countries’ economies.
d. Describe the role of entrepreneurship.
 Relationship in GPD and human
capital
GPD is a one of the Human capital is the
basic measures of a stock of skills and
country's overall knowledge embodied in
economic performance. the ability to perform
work for economical
value.

What is the relationship They have to deal with

between the two?: economical
performance.
Relationship between capital and
GPD
● GPD is a one of the Capital is a factor of
basic measures of a production which is not
country's overall wanted for itself but for
economic its ability to help in
performance. producing other goods.

What is the They have to do with

relationship between labor, in terms of
the two?: producing and
producing rate.
 Role of oil in Iranian, Saudi-
Arabian, and Israeli economies
● Israel largest oil refinery
produces about 180,000
barrels per day
● Saudi Arabia produces
slightly over 11 million
barrels of oil a day
● In 2004 Iran produced
1.4 billion barrels barrels
of oil
 Entrepreneurship
● Entrepreneurship is when one person
organizes, manages the assumes the risk
of a business or enterprise.
 Thank You!
Sources:
● http://en.wikipedia.org/wiki/Human_capital
● http://en.wikipedia.org/wiki/Capital
● http://en.wikipedia.org/wiki/Gross_domestic_product
● http://en.wikipedia.org/wiki/Oil_Refineries_Ltd
● http://en.wikipedia.org/wiki/Economy_of_Iran
●