Economics top stories: Major findings about students' knowledge of economics in 2006. Most students at grade 12 have at least a Basic understanding of economics. Male students, on average, outperformed female students on the first-ever NAEP economics assessment. White and Asian/Pacific Islander students, on average, scored higher than all other racial/ethnic groups.
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Do you know: Find out how students answered specific questions on the economics assessment by taking the following quiz.
Question 1: How many students at grade 12 understand the role of an economic system? A) 10 percent B) 30 percent C) 40 percent D) 90 percent Question 2: How many students at grade 12 can identify policy decisions a government is likely to implement to stimulate economic activity in a recession? A) Almost one-quarter B) Almost one-third C) Almost one-half D) Almost two-thirds Question 3: What percentage of students at grade 12 can identify the best measure for comparing standard of living in different nations? A) 20 percent B) 40 percent C) 60 percent D) 80 percent   Answers: Question 1) C, Question 2) C, and Question 3) B.
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More about economics: Find out more details about the economics assessment.
Economic literacy is essential for individuals to function effectively in their own personal lives, as participants in an increasingly connected world economy, and as citizens. The first-ever NAEP economics assessment is designed to measure the economic literacy of America's students at grade 12.
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