Components of the U.S. Economy


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What is the economy?

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1. Which of the following is the main measure of the size of an economy?

2. Which of the following does NOT contribute to a larger economy?

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About This Quiz & Worksheet

As the largest economy in the world, the U.S. economy is shaped by vast number of interests, needs and conditions. This quiz and worksheet focus on the economy's major parts and players.

Quiz & Worksheet Goals

This quiz on the U.S. economy lets you test your knowledge on the following topics:

  • Definition of the economy
  • The government's role in the U.S. economy
  • Basic metric of a national economy
  • Impact of imports on the U.S. economy
  • Economic growth factors

Skills Practiced

  • Information recall - access your knowledge on the fundamental parts of the U.S. economy
  • Interpreting information - make sure you can read about the U.S. economy and understand the different components and their relationship to one another
  • Knowledge application - use your knowledge to answer questions about factors that influence the U.S. economy

Additional Learning

To learn more, read the lesson, Components of the U.S. Economy. The following objectives are part of the lesson:

  • Explain government spending in 2014
  • List some of the major roles people play in the economy
  • Describe how banks and financial institutions influence the economy
  • Understand how imports affect the size of the U.S. economy