Economy of the United States

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/economy-of-the-united-states

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. Where is Economy of the United States?North America
2. How many people live in Economy of the United States?Approximately 334 million people (2024)
3. What is the capital of Economy of the United States?Washington, D.C
4. What language do people speak in Economy of the United States?None at the federal level; English is the de facto national language
5. What money is used in Economy of the United States?United States Dollar ($)
6. What kind of government does Economy of the United States have?Federal presidential republic

Reserve Currency: A currency held in significant quantities by many central banks and used in international transactions.
Gross Domestic Product (GDP): The total monetary value of all finished goods and services produced within a country's borders in a specific time period.
Monetary Policy: Actions undertaken by a central bank to manipulate the money supply and credit conditions to stimulate or restrain economic activity.