Test Your Knowledge About Economy Of Aruba! Trivia Quiz
It started being very prosperous from the beginning of the 20th Century thanks to it's neighbor's wealth in oil. But since it's a decline in activity in recent decades, it has put all its efforts on tourism, which has turned the island one of the most prosperous places to live in South America. What do you know about Aruba's economy? Take our quiz and find out now.
- 1.
What was the economy of the island based on in the 19th Century?
- A.
Gold mining, phosphate and Aloe Vera
- B.
Crude oil
- C.
Gold
- D.
Brazilwood
Correct Answer
A. Gold mining, phosphate and Aloe VeraExplanation
In the 19th century, the economy of the island was based on gold mining, phosphate, and Aloe Vera. These industries played a significant role in driving the island's economic growth during that time. Gold mining provided a valuable source of income and employment opportunities, while phosphate mining contributed to the island's agricultural sector by providing essential nutrients for crops. Aloe Vera, known for its medicinal properties, was likely cultivated and harvested for various purposes, such as skincare products and traditional medicine.Rate this question:
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- 2.
In what year was an oil refinery built on the island?
- A.
In 1860
- B.
In 1920
- C.
In 1930
- D.
In 1942
Correct Answer
B. In 1920Explanation
In 1920, an oil refinery was built on the island. This suggests that prior to 1920, there was no oil refinery on the island. The construction of the refinery in 1920 indicates the beginning of oil refining operations on the island, which could have had significant economic and industrial implications for the region.Rate this question:
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- 3.
What's the Island's largest industry today?
- A.
Oil
- B.
Tourism
- C.
Gold
- D.
Spices
Correct Answer
B. TourismExplanation
Tourism is the largest industry on the island because it attracts a large number of visitors who contribute significantly to the local economy. This industry encompasses various sectors such as accommodation, transportation, food and beverage, entertainment, and souvenir sales. The island's natural beauty, cultural attractions, and recreational activities make it a popular destination for tourists from around the world. The revenue generated from tourism supports the development of infrastructure, creates employment opportunities, and stimulates the growth of other related industries.Rate this question:
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- 4.
What's the island's currency?
- A.
Aruban florin
- B.
Aruban dollar
- C.
The dollar
- D.
The florin
Correct Answer
A. Aruban florinExplanation
The correct answer is Aruban florin. The Aruban florin is the official currency of Aruba, an island located in the Caribbean Sea. It is denoted by the currency code AWG and is commonly used for daily transactions on the island. The Aruban florin is also accepted alongside the US dollar, which is widely used in the tourism industry. However, the Aruban florin is the official currency and is used by the local population for their daily needs.Rate this question:
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- 5.
What's the country's GDP?
- A.
1.5 billion
- B.
3.2 billion
- C.
2.516 billion
- D.
2. 2 billion
Correct Answer
C. 2.516 billionExplanation
The correct answer is 2.516 billion. This answer represents the country's GDP, which stands for Gross Domestic Product. GDP is a measure of the total value of all goods and services produced within a country's borders in a specific time period. In this case, the country's GDP is 2.516 billion.Rate this question:
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- 6.
What's the unemployment rate on the island?
- A.
6.9%
- B.
6.2%
- C.
4%
- D.
2.8%
Correct Answer
A. 6.9%Explanation
The correct answer is 6.9%. This means that 6.9% of the population on the island is unemployed.Rate this question:
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- 7.
What's the inflation rate on the island?
- A.
0.5%
- B.
1%
- C.
0.2%
- D.
2%
Correct Answer
A. 0.5%Explanation
The inflation rate on the island is 0.5%.Rate this question:
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- 8.
What's the GDP growth on the island?
- A.
2.4%
- B.
3%
- C.
3.2%
- D.
4%
Correct Answer
A. 2.4%Explanation
The correct answer is 2.4%. This indicates that the GDP on the island has grown by 2.4% over a specific period of time. This growth rate suggests a moderate increase in economic activity and productivity on the island.Rate this question:
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- 9.
When was gold discovered on the island?
- A.
1800
- B.
1850
- C.
1890
- D.
1903
Correct Answer
A. 1800 -
- 10.
When was the aloe first planted on the island?
- A.
In 1810
- B.
In 1820
- C.
In 1850
- D.
In 1880
Correct Answer
C. In 1850Explanation
Based on the information provided, the aloe was first planted on the island in 1850.Rate this question:
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Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
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Current Version
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Mar 21, 2023Quiz Edited by
ProProfs Editorial Team -
Sep 12, 2019Quiz Created by
Anouchka
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