6SW522 Article 4: Russia's Economic System

What type of economy does Russia have today?

• Centrally planned economy
• Mixed market-oriented economy
• Command economy
• Traditional economy

What is a major factor that affects Russia's economy?

• High literacy rate
• Declining oil prices
• Strong manufacturing sector
• Large population

Which sector contributes the most to Russia's GDP?

• Agricultural sector
• Industrial sector
• Service sector
• Technology sector

What percentage of Russia's GDP is made up by the industrial sector?

• 25 percent
• 37 percent
• 50 percent
• 60 percent

What is the literacy rate in Russia?

• 85 percent
• 90 percent
• 95 percent
• 99 percent

Why is investment in human capital important for Russia?

• To increase military strength
• To improve the economy
• To reduce population
• To expand territory

What natural resources are abundant in Russia?

• Coal and iron
• Oil and natural gas
• Gold and silver
• Timber and fish

What is one way Russia is trying to grow its economy?

• Reducing education funding
• Investing in technology and factories
• Limiting exports
• Decreasing foreign investments

What role do small businesses play in Russia's economy?

• They are discouraged
• They are a major focus for growth
• They have no impact
• They are only for foreign investors

What is the GDP of Russia at the end of 2022?

• $2 trillion
• $3 trillion
• $3.995 trillion
• $5 trillion