Saturday Quiz – May 3, 2014

Welcome to the 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 #267

• As long as employment growth keeps pace with labour force growth, unemployment will not rise.
• True
• False
• The non-government sector is wealthier when the government matches it deficit with new debt issues.
• True
• False
• 3. If net exports are running at 2 per cent of GDP, and the private domestic sector overall is saving an equivalent of 3 per cent of GDP, the government must be running:
• A surplus equal to 1 per cent of GDP.
• A surplus equal to 5 per cent of GDP.
• A deficit equal to 1 per cent of GDP.
• A deficit equal to 5 per cent of GDP.

Sorry, quiz 267 is now closed.

You can find the answers and discussion here