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 24-25, 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 #466
- 1. Estimates of cyclical fiscal balances by the IMF and other bodies are typically biased upward.
- False
- True
- 2. For nations with an external surplus (such as Norway), it is sensible for the government to run fiscal surpluses and accumulate them in a sovereign fund to create more space for non-inflationary spending in the future.
- False
- True
- 3. We would never observe a state where a nation was running an external deficit (trade and income flows), a fiscal surplus and the private domestic sector was spending less than it was generating.
- False
- True
Sorry, quiz 466 is now closed.
You can find the answers and discussion here
Two out of three. Q1 wrong. Don’t know what it meant, so I guessed!
I guessed on Q1 as well but took into account the quiz’s general “false” bias. Helps me pretend I know what’s going on, until next week, that is.