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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. Between February and April 2020, how did the unemployment rate rise?
(a) It rose by 55 percent.
(b) It rose by 75 percent.
(c) It doubled.
(d) It quadrupled.

2. When tenements began appearing in new York City in the mid-1800s, how much higher was the rent in the slums than that of better apartments uptown?
(a) 20 percent.
(b) 30 percent.
(c) 35 percent.
(d) 25 percent.

3. What percent of the GDP is the amount needed to end poverty in America?
(a) 27.
(b) 18.
(c) 1.
(d) 5.

4. How much did President Reagan reduce funding for the Department of Housing and Urban Development?
(a) Almost 70%.
(b) 20%.
(c) Nearly 80%.
(d) 40%.

5. How many newly built English homes would fit into the average new American home?
(a) 4.
(b) 3.
(c) 2.
(d) 5.

6. In 2021, how much did the U.S. spend on tax breaks?
(a) $4.9 billion.
(b) $1.8 trillion.
(c) $2.7 trillion.
(d) $1.6 billion.

7. In what state did about a third of those qualified for food stamps not use them?
(a) California.
(b) Utah.
(c) Colorado.
(d) Nevada.

8. Growing up in a severely disadvantaged neighborhood was equivalent to missing how much school?
(a) 18 months.
(b) A year.
(c) 6 months.
(d) 2 years.

9. How were elderly people notified about food stamps that caused them to sign up?
(a) Personal visits.
(b) Letter.
(c) Flyers.
(d) Television advertisments.

10. When did Kansas senator Roger Marshall declare that the main "impediment" (85) to his state's sagging labor market was unemployment insurance paying people not to work?
(a) July 2023.
(b) June 2021.
(c) May 2022.
(d) August 2020.

11. By what percent had median rent increased since 2000 in the West?
(a) 135 percent.
(b) 189 percent.
(c) 112 percent.
(d) 192 percent.

12. How much money in overdraft fees subsidizes the free checking accounts many have at Bank of America or Wells Fargo?
(a) Billions of dollars.
(b) Trillions of dollars.
(c) Millions of dollars.
(d) Hundred of thousands dollars.

13. At what rate were the 400 richest Americans taxed?
(a) 36%.
(b) 19%.
(c) 44%.
(d) 23%.

14. When did John Kenneth Galbraith write his book, The Affluent Society?
(a) 1958.
(b) 1953.
(c) 1951.
(d) 1959.

15. How many powerboats did Americans buy in 2020?
(a) 108,000.
(b) About 405,000.
(c) 273,000.
(d) More than 310,000.

Short Answer Questions

1. In December 2021, by what percent did eviction filings fall in Austin?

2. In 2020, how much was the gap that separated everyone in America below the poverty line and the poverty line itself?

3. Every year between overdraft fees, check cashing fees, and payday loan fees, how much in fees were collected from low-income Americans?

4. When did President Obama propose to do away with tax benefits to 529 college savings plans?

5. In 2020, what was the tax burden for the poorest individuals with incomes at or below $9,875?

(see the answer keys)

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