Test Your Knowledge About Economy Of Aruba! Trivia Quiz

1. What's the Island's largest industry today?

Oil

Tourism

Gold

Spices

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.

Explanation

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.

2. What's the island's currency?

Aruban florin

Aruban dollar

The dollar

The florin

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.

Explanation

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.

3. In what year was an oil refinery built on the island?

In 1860

In 1920

In 1930

In 1942

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.

Explanation

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.

4. What's the inflation rate on the island?

0.5%

1%

0.2%

2%

The inflation rate on the island is 0.5%.

Explanation

The inflation rate on the island is 0.5%.

5. What was the economy of the island based on in the 19th Century?

Gold mining, phosphate and Aloe Vera

Crude oil

Gold

Brazilwood

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.

Explanation

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.

6. When was gold discovered on the island?

1800

1850

1890

1903

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Explanation

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7. When was the aloe first planted on the island?

In 1810

In 1820

In 1850

In 1880

Based on the information provided, the aloe was first planted on the island in 1850.

Explanation

Based on the information provided, the aloe was first planted on the island in 1850.

8. What's the country's GDP?

1.5 billion

3.2 billion

2.516 billion

2. 2 billion

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.

Explanation

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.

9. What's the unemployment rate on the island?

6.9%

6.2%

4%

2.8%

The correct answer is 6.9%. This means that 6.9% of the population on the island is unemployed.

Explanation

The correct answer is 6.9%. This means that 6.9% of the population on the island is unemployed.

10. What's the GDP growth on the island?

2.4%

3%

3.2%

4%

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.

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.