Test of Economic Literacy

The Test of Economic Literacy or TEL is a standardized test of economics nationally norm-referenced in the United States for use in upper-grade levels of high schools. The first edition was released in 1977 and the fourth edition was released in 2013. It is one of four grade-level specific standardized economics tests, Test of Economic Knowledge and Test of Understanding in College Economics ) sponsored and published by the National Council on Economic Education. The TEL has two parallel forms, each composed of forty-five 4-option multiple-choice items with content validity based on the Voluntary National Content Standards in Economics.