GED Social Studies Practice: Economics
GED Testing Service says about 15 percent of the Social Studies test is economics. Practice supply and demand, opportunity cost, fiscal and monetary policy, credit and economic history with an explanation for every answer.
35 questions in 68 minutes, the real test’s question time, split by GED Testing Service’s content shares and scored by area with an explanation for every answer. 5 of the questions are Economics.
Or try the free Economics drill- 25 original Economics questions, each answer explained
- About 15% of the GED Social Studies test
- 2 topic drills, ten questions each
A market with only one seller of a product that has no close substitutes is
What Economics covers
- Markets and economic policy (E.c–E.d): supply and demand, opportunity cost, competition, comparative advantage, fiscal and monetary policy, inflation, GDP, unemployment and tariffs.
- Consumer economics and economic history (E.a–E.b, E.e–E.h): credit, savings and banking, consumer credit laws, the Great Depression and New Deal, and the economics of exploration, war and industrialization.
Codes are GED Testing Service’s assessment targets and content topics from its Assessment Guide for Educators; the topic groupings and summaries are ours.
Economics practice by topic
- Markets and policy
Supply and demand, opportunity cost, competition, comparative advantage, fiscal and monetary policy, inflation, GDP, unemployment and tariffs. 12 questions.
Free markets and policy drill - Personal finance and economic history
Credit, savings and banking, consumer credit laws, the Great Depression and New Deal, and the economics of exploration, war and industrialization. 13 questions.
Free personal finance and economic history drill
Free Economics drill (ten questions across its topics)
5 Economics questions in a full timed exam
35 questions in 68 minutes, the real test’s question time, split by GED Testing Service’s content shares and scored by area with an explanation for every answer. 5 of the questions are Economics.
Or try the free Economics drillCommon questions
How much economics is on the GED?
About 15 percent of the Social Studies test, according to GED Testing Service’s Assessment Guide for Educators.
What is the difference between fiscal and monetary policy?
Fiscal policy is government taxing and spending, decided by Congress and the president. Monetary policy is the Federal Reserve’s management of interest rates and the money supply.
35 questions in 68 minutes, the real test’s question time, split by GED Testing Service’s content shares and scored by area with an explanation for every answer. 5 of the questions are Economics.
Or try the free Economics drillMore GED Social Studies practice
Content areas and shares checked November 2026: Assessment Guide for Educators: Social Studies · GED Testing Service: Social Studies test.
Original independent practice. Every question is written for practice from GED Testing Service’s published assessment targets; none are GED test questions. Not affiliated with or endorsed by GED Testing Service or the American Council on Education. GED® and GED Ready® are registered trademarks of the American Council on Education, administered by GED Testing Service under license.