Canadian Citizenship Canadian-Citizenship Practice Test - Canada's Economy 1

Question 1

Which sector is the largest contributor to Canada's GDP?

Accepted Answer

Services

Answer

Manufacturing

Answer

Agriculture

Answer

Mining

Question 2

What is the name of Canada's national currency?

Accepted Answer

Canadian Dollar

Answer

Loonie

Answer

Crown

Answer

Maple Dollar

Question 3

Which free trade agreement replaced NAFTA in 2020, governing trade between Canada, the United States, and Mexico?

Accepted Answer

CUSMA

Answer

CETA

Answer

TPP

Answer

WTO Agreement

Question 4

Canada is the world's second-largest country by land area, which gives it significant reserves of what critical resource exported globally?

Accepted Answer

Fresh water

Answer

Tropical hardwood

Answer

Volcanic minerals

Answer

Rare earth metals from volcanoes

Question 5

What term describes the economic system Canada operates under, combining private enterprise with government regulation and social programs?

Accepted Answer

Mixed economy

Answer

Command economy

Answer

Pure market economy

Answer

Barter economy

Question 6

Which Canadian province is the country's largest producer of oil and a major driver of Canada's energy exports?

Accepted Answer

Alberta

Answer

British Columbia

Answer

Saskatchewan

Answer

Ontario