Question 50
What was the name of the economic system of the GDR?
German original: Wie hieß das Wirtschaftssystem der DDR?. In the test, all questions are asked in German.
Answer options
- Market economy
- Planned economy — Correct answer
- Supply and demand
- Capitalism
Explanation
The economic system of the GDR was called a planned economy: the state centrally planned and controlled all economic processes. In contrast, West Germany (the FRG) has a social market economy.
Key terms in this question
- economy — The economy includes all activities related to the production, sale, and purchase of goods and services, as well as the businesses and people involved in them.
- was called / was named — Past tense of the German verb 'heißen' (to be called). It indicates the name or designation something or someone had in the past.
- economic system — An economic system is the way a society organizes the production, distribution, and consumption of goods and services. It defines who can own property and how economic decisions are made.