U.S. Economy

Which statement best explains higher education in Connecticut?

• Tourism is Connecticut’s only major source of economic activity
• Connecticut has no significant aerospace or defense manufacturing
• Higher education contributes to Connecticut’s economy through research, employment, and innovation
• Submarine construction is concentrated in northwestern Connecticut

What is economically accurate about Connecticut’s healthcare and bioscience sector?

• Hartford is primarily known as an oil-production center
• Submarine construction is concentrated in northwestern Connecticut
• Southwestern Connecticut has little economic connection to New York City
• Healthcare and bioscience activity are linked to universities, hospitals, and laboratories

Which description best fits nominal GDP?

• Nominal GDP includes the effects of price changes
• Real GDP is measured only by counting government spending
• State GDP directly measures how income is distributed among households
• A rise in nominal GDP always proves that real production rose by the same percentage

What should students understand about real GDP?

• Nominal GDP and real GDP are identical measures
• A rise in nominal GDP always proves that real production rose by the same percentage
• Real GDP is measured only by counting government spending
• Real GDP adjusts economic output for inflation

Which claim about nominal GDP is correct?

• A rise in nominal GDP always proves that real production rose by the same percentage
• Real GDP does not adjust for changes in prices
• A rise in nominal GDP does not by itself show how much real production increased
• Real GDP is measured only by counting government spending

About how large was Connecticut’s real GDP in 2025, measured in chained 2017 dollars?

• $193.0 billion
• $493.0 billion
• $393.0 billion
• $293.0 billion

About how large was Connecticut’s real GDP in 2024?

• $286.2 billion
• $186.2 billion
• $486.2 billion
• $386.2 billion

About how much did Connecticut’s real GDP grow from 2024 to 2025?

• 2.4%
• 8.4%
• 0.4%
• 5.4%

What is accurate about real GDP?

• Real GDP is measured only by counting government spending
• GDP figures never need a reference year
• Current-dollar GDP and real GDP measure economic output differently
• A rise in nominal GDP always proves that real production rose by the same percentage

What should students understand about Hartford?

• Hartford’s insurance industry developed into a major part of the city’s economic identity
• Connecticut has no significant aerospace or defense manufacturing
• Southwestern Connecticut has little economic connection to New York City
• Hartford is primarily known as an oil-production center

Which economic claim about southwestern Connecticut is correct?

• Tourism is Connecticut’s only major source of economic activity
• Southwestern Connecticut has a financial-services cluster linked to metropolitan New York
• Southwestern Connecticut has little economic connection to New York City
• Connecticut’s economy depends almost entirely on farming

What is the most accurate description of Connecticut’s economy?

• Tourism is Connecticut’s only major source of economic activity
• Connecticut has no significant aerospace or defense manufacturing
• Hartford is primarily known as an oil-production center
• Connecticut’s aerospace industry includes aircraft engines and helicopter production

Which statement best explains Connecticut’s submarine industry?

• Connecticut has no significant aerospace or defense manufacturing
• Connecticut’s defense economy includes nuclear-submarine construction
• Southwestern Connecticut has little economic connection to New York City
• Hartford is primarily known as an oil-production center

Which statement best explains Connecticut’s economy?

• Southwestern Connecticut has little economic connection to New York City
• Connecticut has no significant aerospace or defense manufacturing
• Modern Connecticut manufacturing depends heavily on engineering and skilled labor
• Tourism is Connecticut’s only major source of economic activity

Which description correctly characterizes Connecticut’s tourism economy?

• Tourism supports museums, historic sites, parks, casinos, restaurants, and coastal communities
• Connecticut has no significant aerospace or defense manufacturing
• Connecticut’s economy depends almost entirely on farming
• Submarine construction is concentrated in northwestern Connecticut

About how large was Connecticut’s current-dollar GDP in 2025?

• $176.5 billion
• $276.5 billion
• $576.5 billion
• $376.5 billion

Which description correctly characterizes Connecticut’s insurance industry?

• Southwestern Connecticut has little economic connection to New York City
• Tourism is Connecticut’s only major source of economic activity
• Connecticut’s modern economy includes finance, insurance, manufacturing, healthcare, education, and technology
• Connecticut’s economy depends almost entirely on farming

What should students understand about Connecticut’s economy?

• Submarine construction is concentrated in northwestern Connecticut
• Tourism is Connecticut’s only major source of economic activity
• Hartford is primarily known as an oil-production center
• Pratt & Whitney is associated with Connecticut’s aerospace industry

Which economic claim about Connecticut’s economy is correct?

• Sikorsky is associated with helicopter manufacturing in Connecticut
• Hartford is primarily known as an oil-production center
• Connecticut has no significant aerospace or defense manufacturing
• Southwestern Connecticut has little economic connection to New York City

What is the most accurate description of Connecticut’s submarine industry?

• Connecticut’s economy depends almost entirely on farming
• Submarine construction is concentrated in northwestern Connecticut
• Connecticut has no significant aerospace or defense manufacturing
• General Dynamics Electric Boat is associated with submarine construction in Connecticut