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 – February 3-4, 2018
Welcome to The Weekend Quiz. The quiz tests whether you have been paying attention or not to the blogs I post. See how you go with the following questions. Your results are only known to you and no records are retained.
Quiz #463
- 1. When an economy is running a current account deficit, only one of the two remaining sectors (government or private domestic) can be in surplus, irrespective of the GDP growth rate.
- False
- True
- 2. Unlike a household, which not only has to service its debt obligations over the course of the loan but also has to repay them at the due date, a national government debt, which issues its own currency can always roll over its "own currency" debt obligations and never has to pay them back.
- False
- True
- 3. Over the last two decades, there have been major redistributions of national income towards profits in many nations. This has occurred as a result of the suppression of real wages growth.
- False
- True
Sorry, quiz 463 is now closed.
You can find the answers and discussion here
Two out of three! Got no 3 wrong.
Oh dear. 1/3. Very humbling these quizzes. You have to be so careful with the ones that sort-of sound right. Bill will get you on the technicalities.
“Bill will get you on the technicalities”. He sure will :).