US Travel Economy & Capitalism Quiz

What is GDP in full?

• Gross Domestic Product
• Glamourous David's Porsche

• Giant Domestic Product

• Great Domestic Produce

How is GDP calculated?

• By measuring the total land area of a country

• By counting the number of businesses in a country

• By adding up consumption, investment, government spending, and net exports.

• By multiplying the population by the average income

What is capitalism?

• A social system where individuals share all resources equally
• An economic system where the government owns all means of production
• An economic system where private individuals own the means of production and operate them for profit.
• A political system where power is centralized in the hands of a few individuals

Answer explanation

Socialism vs Capitalism vs Communism vs Oligarchy

How is GDP used to measure economic growth or recession?

• By comparing the GDP of different countries
• By looking at the unemployment rate
• By analyzing the stock market performance
• By comparing the current GDP to the previous period's GDP

Which statement of GDP and unemployment rate shows decline in the economy?

• Increase in GDP and decrease in unemployment rate
• Increase in GDP and increase in unemployment rate
• Decrease in GDP and decrease in unemployment rate
• Decrease in GDP and increase in unemployment rate

When did COVID-19 happened and what impact it has brought to the world economy?

• COVID-19 began in 2018 and caused a positive effect on the world economy.
• COVID-19 emerged in 2021 and had no impact on the world economy.
• COVID-19 started in 2020 and had minimal impact on the world economy.
• COVID-19 originated in 2019 but did not affect the world economy.
• COVID-19 originated in late 2019 and had a significant impact on the world economy.

How did COVID-19 affects US travel sector?

• COVID-19 had no impact on the US travel sector
• COVID-19 led to an increase in travel demand in the US
• COVID-19 caused a sharp decline in travel demand

• COVID-19 resulted in improved travel experiences in the US

What does the U.S. Government do to recover the country's economy and travel sector?

(Choose 2 answer)

• Implement economic stimulus packages

• Encourage international travel over domestic tourism
• Reduce funding for infrastructure projects
• Increase taxes on travel-related businesses
• Ensure safety measures for travelers.

Answer explanation

1. 1. Increase infrastructure investments instead of decrease

• 2. Promote Domestic Instead of Overseas

• 3. Provide financial aid for travel businesses