MR.

AKERS
SS7E3 The student will describe
factors that influence economic
growth and examine their presence
or absence in Nigeria and South
Africa. Explain how the distribution of
diamonds, gold, uranium, and oil affects
the economic development of Africa.

QUESTION #1
Nigeria has large deposits of oil and is currently exporting

a significant quantity of oil. However, Nigeria has very

few industries outside of oil and no other significant
natural resources. How does this impact Nigerias GDP?
A. Makes the GDP more dependent on agriculture.
B. Makes the GDP more dependent on oil production.
C. Makes the GDP inaccurate because there is little

industry.
D. Makes the GDP inaccurate because there is only one

major natural resource in the country.

NIGERIA HAS LARGE DEPOSITS OF OIL AND IS CURRENTLY

EXPORTING A SIGNIFICANT QUANTITY OF OIL. HOWEVER,
NIGERIA HAS VERY FEW INDUSTRIES OUTSIDE OF OIL AND
NO OTHER SIGNIFICANT NATURAL RESOURCES. HOW DOES
THIS IMPACT NIGERIAS GDP?
Oil and gas have been described as the

mainstay of the Nigerian economy today.

The irony of it
however, is that the Niger Delta areas,

where the countrys oil wealth is being

derived from, has been
neglected since the 1970s that Nigerias

oil boom became noticeable in the global

market
B. Makes the GDP more dependent on oil

production

Nigeria has large deposits of oil and

is currently exporting a significant
quantity of oil. However, Nigeria has
very few industries outside of oil and
no other significant natural
resources. How does this impact
Nigerias GDP?
B. Makes the GDP more dependent on oil
production

QUESTION # 2
12. SS7E3d
In South Africa it is easy to start a business. In addition,

private property rights are well protected. What impact does

this have on the role of entrepreneurs in South Africa?
A. Entrepreneurs are not affected.
B. The efforts of entrepreneurs are limited because of a lack

of government rules.
C. Entrepreneurs will have no real impact on the economy of

South Africa.
D. Entrepreneurs can make a significant contribution to

South Africas economy.

In South Africa it is easy to start a

business. In addition, private property
rights are well protected. What impact
does this have on the role of
entrepreneurs in South Africa?
The Companies Act 2008 of South Africa
requires the Notice of Incorporation ....
Businesses do not have to wait for the
approval of registration to start operations

12. SS7E3d
In South Africa it is easy to start a business. In addition,
private property rights are well protected. What impact
does this have on the role of entrepreneurs in South
Africa?
D. Entrepreneurs can make a significant contribution to
South Africas economy.

RESOURCES

Ask.com
http://www.doingbusiness.org/data/exploreeconomies/sou

th-africa/starting-a-business