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 – December 29-30, 2018
Welcome to The Weekend Quiz. The quiz tests whether you have been paying attention or not to the blog posts that I post. See how you go with the following questions. Your results are only known to you and no records are retained.
Quiz #510
- 1. In general, the estimates provided by the organisations such as the OECD and IMF of the impact of the automatic stabilisers are biased upwards.
- False
- True
- 2. If there is an external deficit, efforts by the private domestic sector to increase its overall saving as a percentage of GDP to even higher levels, will ensure the government fiscal balance is in deficit, irrespective of what the government desires.
- False
- True
- 3. When a government runs a continuous fiscal deficit, public spending builds up over time.
- False
- True
Sorry, quiz 510 is now closed.
You can find the answers and discussion here
2 out of 3! Q3 wrong. I bet the right answer will be obvious!
3/3 but quite tough despite apparent simplicity of statements.