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Gov/Econ MP2 Intro Game!

Total questions: 16

Worksheet time: 9mins

Name
Class
Date
1.

The total U.S. unemployment rate is currently _______, last year it was ________.

a)

5.2% - 2.7%

b)

7.9% - 3.6%

c)

10.1% - 4.3%

d)

16.7% - 4.3%

2.

California's 2020 unemployment rate is _______, in SLO County it’s _________.

a)

5.1% - 3.3%

b)

7% - 4.1%

c)

11% - 7.2%

d)

15.5% - 11.8%

3.

The unemployment rate based on race/ethnicity shows that Black and Latinx Americans have higher rates of unemployment at _______, and _______

a)

8.5% - 9.3%

b)

12.1% - 10.1%

c)

15% - 14%

d)

18% - 17.1%

4.

GDP - Gross Domestic Product.

a)

A total of the most popular products bought and sold online each year.

b)

The total of all exports sold to foreign countries each year.

c)

The total of all goods and services bought and sold within a country each year.

d)

The average revenue in the retail industry.

5.

The country with the richest Economy by GDP.

a)

U.S.

b)

China

c)

Japan

d)

Germany

e)

India

6.

Which of the following countries has the highest wealth per-person (per capita)?

a)

United States

b)

Luxembourg

c)

Switzerland

d)

Qatar

e)

Ireland

7.

Which U.S. State contributes the most wealth to the U.S. GDP?

a)

Florida

b)

New York

c)

California

d)

Illinois

e)

Texas

8.

While the U.S. happens to have the highest GDP in the world, it also has A LOT OF DEBT. How much?

a)

67 Billion

b)

5 Trillion

c)

23 Trillion

d)

97 Trillion

9.

Tariffs - taxes on foreign products (many products we buy are foreign - tech, clothing, household appliances). Why have we heard this word recently?

a)

Because the Obama Administration used them as sanctions on Russia after interfering with our democratic elections.

b)

Because most Americans support them as a key economic strategy.

c)

Because American farmers are demanding them on agriculture from Brazil and Mexico.

d)

Because the Trump Administration waged a "trade war" with China.

10.

In 2020, the "median" income in the U.S. was ____________________.

a)

$37,000

b)

$49,200

c)

$55,600

d)

$68,400

11.

The Minimum Wage is __________ Nationally while in California it is __________ per hour.

a)

$7.00 - $12

b)

$7.25 - $12

c)

$7.25 - $13

d)

$8.25 - $14

12.

What percentage of Americans have a 4-year college degree?

a)

25%

b)

35%

c)

41%

d)

53%

13.

The percentage of Americans who own a home:

a)

36%

b)

54%

c)

67%

d)

82%

14.

When the Stock Market goes up, it is a sign that the overall economy is doing well.

a)

True

b)

False

15.

Your best definition of a "business monopoly":

4 lines
16.

The highest U.S. tax rate on wealthy incomes:

a)

37%

b)

42%

c)

55%

d)

65%