Answer: [tex]H_2SO_4[/tex] is a acid.
Explanation: Acid is anything which donates [tex]H^+[/tex] ions and in this reaction [tex]H_2SO_4[/tex] is donating [tex]H^+[/tex] ions, therefore it is considered as an Acid.
This reaction is a type of reaction an acid undergoes that is when an acid reacts with metal it produces metal salt and hydrogen gas
[tex]2HA(aq)+2M(s)\rightarrow 2MA(aq)+H_2(g)[/tex]
and the given reaction is
[tex]H_2SO_4(aq)+Mg(s)\rightarrow MgSO_4(aq)+H_2(g)[/tex]
where, [tex]H_2SO_4[/tex] = Acid
Mg = metal
[tex]MgSO_4[/tex] = Metal Salt
[tex]H_2[/tex] = Hydrogen gas