NAEP Economics Assessment for Grade 12: Sample Questions and Instructions, Exercises of Economics

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General Information About The Nation’s Report Card

ECO N O M I C S

Sample Questions

grade 12

2011 grade 12 Sample Questions Booklet 5

National assessment of educational Progress

2011 Sample Questions Booklet I. About This Sample Questions Booklet................................ 6 II. The Economics Assessment....................................... 7 Economics Booklet Directions.................................... 8 Sample Economics Questions................................... 10 III. Student Informational Questionnaire................................ 14 IV. Student Subject-Specific Questionnaires Economics Questionnaire....................................... 18 V. NAEP Questions Tool............................................ 24 VI. About NAEP........................................... .Back Cover

economics—grade 12 7

II. The economics assessment grade 12

The NAEP economics assessment includes items classified across three interrelated components: economics content knowledge areas, cognitive categories, and contextual settings. The three economics content knowledge areas and the respective amount of assessment time specified for each content area appear in the table below.

NAEP Economics Framework Distribution of

Question Pool Across Economics Content Area

Grade 12 The Market Economy 45% The National Economy 40% The International Economy 15%

The three cognitive categories describe the primary cognitive demands assessment items may make on students participating in the NAEP assessment. The NAEP framework calls for students to spend approximately 33 percent of their assessment time on items from each category. The three cognitive categories for economics items are the following:

• Knowing
• Applying
• Reasoning

The NAEP economics framework calls for economics items to be written in a variety of contextual settings appropriate to real-world situations and to the variety of ways in which students learn economic concepts. The following ranges of assessment time are specified by the framework for each of the contexts:

• Individual and Household (20 to 30%)
• Business (20 to 30%)
• Public (20 to 30%)
• Other Contexts (0 to 10%)
• Context-Free (0 to 10%)
• Multiple Contexts (0 to 10%)

The assessment consists of multiple-choice, short constructed-response, and extended constructed-response questions. The constructed-response questions make up approxi- mately 40 percent of the assessment time. For more information regarding the economics assessment framework please visit http://www.nagb.org/publications/frameworks.htm.

8 economics—grade 12

economics Booklet directions

10 economics—grade 12

VB

1. James borrows $10,000 from the bank. By the time the loan is repaid, James has paid the bank $10,400. What does the additional $400 represent? A Inflation rate B Purchasing power of money Interest D Investment

VB 524788

2. Luisa has decided to give up her full-time job to go back to school. Identify one potential economic risk and one potential economic benefit that Luisa might have considered in making her decision.

Sample economics Questions

grade 12

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economics—grade 12 11

VB

3. Given the conditions presented in the headline above, what is likely to happen to spending in the economy? Explain your answer.

What is the relationship between spending and output in this situation?

What is likely to happen to real gross domestic product as a result of the relationship between spending and output?

National Unemployment Rate Rising

Rate of Inflation Falling

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economics—grade 12 13

Questions 6-7 refer to the following supply and demand graph.

Quantity of Chocolate (in pounds)

Demand Supply

Price

20

$

$

$

(^40 60 80 )

THE MARKET FOR CHOCOLATE

VB 543814

6. Suppose that the government set the price of chocolate at $6 per pound. Which of the following statements best describes an effect of this price control? There would be a surplus of 40 pounds of chocolate. B Less chocolate would be demanded at $4 than at $6. C Producers of chocolate would want the price set at $4. D There would be a shortage of 20 pounds of chocolate. VB 543815
7. If the government removes the price control of $6, what will be the price and quantity sold of chocolate?

Price

Quantity Sold (in pounds) A (^) $6 40 $5 60 C (^) $5 100 D (^) $4 80

STOP

14 Student Informational Questionnaire—grade 12

III. Student Informational Questionnaire grade 12

16 Student Informational Questionnaire—grade 12

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A B C D E

For the rest of the questions in this section, fill in only one oval for each question. VB

3. Does your family get any magazines regularly? Yes No I don’t know.

VB

4. About how many books are there in your home? Few (0–10) Enough to fill one shelf (11–25) Enough to fill one bookcase (26–100) Enough to fill several bookcases (more than 100)

VB

5. Is there a computer at home that you use? Yes No

VB

6. Is there an encyclopedia in your home? It could be a set of books, or it could be on the computer. Yes No I don’t know.

A B

A B C D

A B C

TB

7. About how many pages a day do you have to read in school and for homework? 5 or fewer 6– 11– 16– More than 20

VB

8. How often do you talk about things you have studied in school with someone in your family? Never or hardly ever Once every few weeks About once a week Two or three times a week Every day

VB

9. How many days were you absent from school in the last month? None 1 or 2 days 3 or 4 days 5 to 10 days More than 10 days

A B C D E

A B C D E A B C

Student Informational Questionnaire—grade 12 17

H3D1 (^) Page 3 STOP

VB

10. How far in school did your mother go? She did not finish high school. She graduated from high school. She had some education after high school. She graduated from college. I don’t know.

VB

11. How far in school did your father go? He did not finish high school. He graduated from high school. He had some education after high school. He graduated from college. I don’t know.

VB

12. How often do people in your home talk to each other in a language other than English? Never Once in a while About half of the time All or most of the time

A B C D

HE

13. Which of the following best describes your high school program? General Academic or college preparatory Vocational or technical

A B C

D E

A B C

D E

A B C

economics Questionnaire—grade 12 19

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VB

2. Which of the following statements best describes your overall course-taking in economics? I have taken at least one of the courses listed in Question 1. Go to Question 3. I have not taken any of the courses listed in Question 1. Skip to Question 7.

VC

3. For the course(s) you marked “Taken/taking in Grade 12” in Question 1 , which of the following is true for you? Fill in all ovals that apply. I am not taking any of these courses in grade 12. I am currently enrolled in a year-long course. I completed a semester-long course this school year. I just started a semester-long course.

A B A B C D

VB

4. Think about the courses in Question 1. How much do you agree or disagree with the following statements about those courses that you took? Fill in one oval on each line. Strongly disagree Somewhat disagree Somewhat agree Strongly agree a. Taking the course(s) helped me^ VB understand the U.S. economy. b. Taking the course(s) helped me VB understand the international economy. c. Taking the course(s) helped me VB understand what I hear on the news about current events and public policy. d. Taking the course(s) helped me VB understand how to manage my personal finances, now and in the future. e. Taking the course(s) helped me make VB choices about my future education and career.

A

A

A

A

A

B

B

B

B

B

C

C

C

C

C

D

D

D

D

D

20 economics Questionnaire—grade 12

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VB

5. In your current or most recent course that included economics, how often are you or were you asked to write long answers to questions or assignments? Never Once or twice a year Once or twice a month At least once a week

A B C D

VE

6. In your current or most recent course that included economics, how often do you or did you use the Internet to get economic data or information? Include both class work and homework. Never or hardly ever Once every few weeks About once a week Two or three times a week Every day

A B C D E