Test Your Knowledge On Economy Of Switzerland!

Explanation
Switzerland is known for its strong economy and export-oriented industries, despite its small size. The country has a diverse range of exports, including machinery, pharmaceuticals, and precision instruments. With a robust export sector, Switzerland has managed to secure the 20th rank in terms of export globally. This indicates that despite its small geographical size, Switzerland has been able to establish itself as a significant player in the international export market.

Explanation
The average gross household income in Germany in 2017 was $10,720 per month. This means that, on average, households in Germany earned this amount before any deductions or taxes were taken into account. This figure represents the average income across all households in the country, indicating the overall financial status of the population during that year.

Explanation
Glencore is the company with the highest revenue in Switzerland.

Explanation
Switzerland's most important economic factor is manufacturing. This sector plays a significant role in the country's economy, contributing to its overall growth and stability. Switzerland is known for its precision engineering and high-quality products, such as watches, pharmaceuticals, machinery, and chemicals. The manufacturing industry in Switzerland is highly advanced and technologically driven, with a strong focus on innovation and quality. It generates substantial employment opportunities and exports, making it a crucial pillar of the Swiss economy.

Explanation
Switzerland is known for its expertise in the chemical industry, making specialist chemicals one of its biggest exports. The country has a strong reputation for producing high-quality chemicals used in various industries such as pharmaceuticals, biotechnology, and fine chemicals. Swiss companies are renowned for their precision, innovation, and strict quality standards, which contribute to the success of their chemical exports. This specialization in the chemical sector has helped Switzerland maintain a competitive edge in the global market and establish itself as a leading exporter in this field.

Explanation
Switzerland is well-known for its precision engineering and high-quality manufacturing. The country has a strong reputation for producing and exporting a wide range of machines and electronics, including industrial machinery, watches, medical devices, and electronic components. This sector contributes significantly to Switzerland's economy and is considered one of its key export industries. Therefore, machines and electronics being Switzerland's second-biggest export is a plausible and logical answer.

Explanation
The correct answer is 5 million people. This answer indicates the current number of people working in Germany. It suggests that there are 5 million individuals employed in various sectors and industries in the country.

Explanation
The correct answer is 25% because it is the only option that falls within the given range of percentages (15%, 20%, 25%, 30%).

Explanation
Switzerland's unemployment rate is 3.2%. This indicates the percentage of the labor force that is unemployed and actively seeking employment. A low unemployment rate suggests a strong and stable economy, as it indicates a high demand for labor and job opportunities for individuals.

Explanation
37% of people in Switzerland own their home.