US GED Social Economics Test 1

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

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GED & Citizenship — Test 1 (Ged Social Economics) High School & Adult (GED/Citizenship, USA) USA GED & USCIS (100 Civics) — USA

What is this test? for GED or US Citizenship (USCIS 100), USA — High School & Adult (GED/Citizenship, USA) level, USA.
For adults: GED (high school equivalency) or Naturalization/Citizenship (USCIS) in the USA — is this your path?
Section: GED & Citizenship — Test 1 (Ged Social Economics) · Education: High School & Adult · Part: GED & Citizenship — Test 1 (Ged Social Economics) · Country: USA

Civics knowledge is crucial for knowing individual rights and responsibilities and understanding government structure.

This test is designed to assess your knowledge of constitutional law and essential civics.

By solving this test of 20 questions, you can both test your knowledge and identify the topics you need to improve.

Question 1

What is income tax?

A) Earnings levy

B) Sales levy

C) Property levy

D) No tax

Question 2

What is profit?

A) Loss

B) Gain over cost

C) Break even

D) No sales

Question 3

What is a bond?

A) Share

B) Bill

C) Lent money paper

D) Coin

Question 4

What is demand?

A) Available amount

B) Price level

C) Sold total

D) Wanted amount

Question 5

What is trade?

A) Buying selling across

B) No exchange

C) Gifts only

D) Barter only

Question 6

What is supply?

A) Wanted amount

B) Available amount

C) Price level

D) Sold total

Question 7

What is sales tax?

A) Earnings levy

B) Property levy

C) Purchase levy

D) No tax

Question 8

What best defines deflation?

A) Rising prices

B) Flat wages

C) High taxes

D) Falling prices

Question 9

What best defines property tax?

A) Real estate levy

B) Earnings levy

C) Sales levy

D) No tax

Question 10

What best defines a shortage?

A) Extra goods

B) Demand over supply

C) No buyers

D) Low prices

Question 11

Which of the following best defines supply and demand?

A) Fixed prices

B) No market

C) Price-setting forces

D) Government sets

Question 12

What best defines fiscal policy?

A) Court rulings

B) Trade deals

C) Money printing

D) Tax-spend management

Question 13

What best defines loss?

A) Cost over gain

B) Profit

C) Break even

D) No sales

Question 14

What best defines a loan?

A) Gift money

B) Borrowed money

C) Saved money

D) Tax money

Question 15

What best defines the national debt?

A) Yearly deficit

B) State debts

C) Owed total

D) Bank loans

Question 16

Provide the definition of GDP:

A) Debt total

B) Tax total

C) Trade total

D) Output value total

Question 17

Provide the definition of competition:

A) Rival sellers

B) One seller

C) No sellers

D) Government only

Question 18

What best defines a budget?

A) Tax bill

B) Spending plan

C) Bank loan

D) Savings jar

Question 19

Which term means "Falling output months"?

A) economics

B) scarcity

C) a recession

D) supply

Question 20

Provide the definition of monetary policy:

A) Congress taxes

B) Courts fine

C) States borrow

D) Fed money control

US GED Social Economics Test 1

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