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Economic Power: Definition and Ranking

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

How does one country have economic power?

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1. What is purchasing power?

2. How is a monopoly an economic power?

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About This Quiz & Worksheet

Throughout much of human history, civilizations influenced the world through sheer military might. But nowadays a country's influence is more closely related to its economic power. You can learn about the ways in which economic powers are ranked with this lesson and assessment. The assessment questions will test you on points such as GDP and current examples of economic powers.

Quiz & Worksheet Goals

This quiz and worksheet will test you on:

  • How countries have economic power
  • The definition of purchasing power
  • Monopoly and economic power
  • What 'GDP' means
  • Three groups with the highest GDP

Skills Practiced

  • Information recall - recall from the lesson some of the main points on economic power rankings and examples of economic powers in the world today
  • Defining key concepts - make sure that you can accurately define some of the key terms from the lesson, such as purchasing power and GDP
  • Knowledge application - apply your understanding of the topic to answer the assessment questions on characteristics of economic power and some examples of it

Additional Learning

Go over some more information on this subject with the lesson called Economic Power: Definition & Ranking. This lesson covers the following topics:

  • The definition of economic power
  • Wealth and purchasing power
  • Monopoly of natural resources
  • Technological advancement
  • How powers are ranked
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