Economics LiteracyThe results are in for the first-ever economics test administered to high school seniors as part of the National Assessment of Educational Progress (NAEP). The headlines reported by the NAEP are:
- The average score on the economics assessment was set at 150, which falls within the Basic range. The scores the test-takers received ranged from 104 for the lowest performing students (10th percentile) to 191 for the highest-performing students (90th percentile). 25% of students had a score at or below 129; 75% had a score at or below 174.
- 79% of students performed at or above the Basic achievement level, 42% performed at or above the Proficient level, and 3% performed at the Advanced level. (The definitions of the Basic, Proficient, and Advanced levels for the economics assessment are provided here.)
- Male students scored 4 points higher, on average, than female students.
- Average scores were higher for students whose parents have higher levels of education.
Labels: Business acumen