Here are the answers with discussion for this Weekend’s Quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterday then have a go at it before you read the answers. I hope this helps you develop an understanding of Modern…
The Weekend Quiz – May 28-29, 2016
Welcome to The Weekend Quiz, which used to be known as the 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 #375
- 1. Higher levels of taxation are necessary to permit the government to spend more in real terms.
- False
- True
- Perhaps
- 2. If a nation is recording a current account deficit, and its private domestic sector tries to increase its saving overall as a percentage of GDP, then income adjustments will ensure the government fiscal balance is in deficit.
- False
- True
- 3. The reason that IMF and OECD estimates of structural fiscal deficits are to be treated with suspicion relates to the fact that typically the implicit estimates of potential GDP are too optimistic.
- False
- True
Sorry, quiz 375 is now closed.
You can find the answers and discussion here
Bill
Thank you for you for your great quizes and pls further on add the perhaps option when its indeed perhaps
The addition of a perhaps answer is intriguing and perhaps long overdue. I will explain why my answer to question 2 was correct after I read the answers you provide. Unless it turns out that my answer really was incorrect. In my opinion. Which is doubtful. At this point in time. Anyways, thanks for the quiz. I love to hate it.
Totally essential quiz. I’ve read the blog for months. Still 1 out of 3.
After many tries, a 3 out of 3.
I am a MMT Friend of the People. This week, anyway.
I consider a fiscal deficit as additional spending, which I consider an income adjustment, whuch is why I got the answer wrong.