Quiz on the Economy of the USA

What is the economic system of the United States?

• Mixed

• Socialist

• Capitalist

• Communist

Which sector contributes the most to the GDP of the USA?

• Mining

• Services

• Industry

• Agriculture

What percentage of the US population is employed in agriculture as of 2008?

• 50%

• Less than 2%

• 10%

• 25%

Which currency is most used in international transactions?

• US Dollar

• Japanese Yen

• Euro

• British Pound

What is the primary goal of the Federal Reserve?

• Increase inflation

• Decrease economic growth

• Maintain low inflation, growth, and unemployment

• Increase unemployment

Which industry is NOT a major industry in the USA?

• Petroleum

• Textiles

• Telecommunications

• Aerospace

What is the GDP growth rate of the USA in 2016?

• 1.3%

• 3.8%

• 2.9%

• 4.1%

Which trade organization is the USA a part of?

• NAFTA

• African Union

• ASEAN

• European Union

What is the unemployment rate in the USA as of May 2016?

• 6.2%

• 3.5%

• 4.7%

• 5.8%

What is the main export of the USA?

• Electronics

• Automobiles

• Food

• Petroleum