Match each of the terms on the left with its definition on the right. Click on the term first and then click on the matching definition. As you match them correctly they will move to the bottom of the activity.

Question

economic growth physical capital human capital technological knowledge institutions free rider economies of scale

someone who consumes the benefits of a public good without paying a share of the costs. knowledge about how the world works that is used to produce goods and services. the stock of tools including machines, structures, and equipment. the “rules of the game” that structure economic incentives. tools of the mind; the productive knowledge and skills that workers acquire through education, training, and experience. the advantages of large-scale production that reduce average cost as quantity increases. the growth rate of real GDP per capita: where Yt is real per capita GDP in period t.

Correct Matches: