Saturday Quiz – December 31, 2011

Welcome to the Last day of the year billy blog Saturday quiz. The quiz tests whether you have been paying attention over the last seven days. See how you go with the following questions. Your results are only known to you and no records are retained.

Quiz #145

• 1. The government has two macroeconomic policy arms available - fiscal and monetary policy. However, it only has control over monetary policy.
• False
• True
• 2. Americans enjoy a higher material standard of living as a result of the Chinese holdings of US government debt.
• False
• True
• 3. The creation of a sovereign wealth fund from the proceeds of a budget surplus represents increased national savings.
• False
• True
• 4. Engaging unemployed workers in a government public works program to dig a large hole and fill it in again on a daily basis will provide no enduring benefit to national income.
• False
• True
• 5. Premium Question: A strategy to force the government to balance its budget means that the private domestic sector has to be continously accumulating debt overall unless the current account moves into surplus.
• False
• True

Sorry, quiz 145 is now closed.

You can find the answers and discussion here