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…
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.
- 1. As the sense of emergency surrounding the pandemic seemingly has been forgotten, the European Commission will reinstate the restrictions imposed on deficit and debt ratios by the Stability and Growth Pact, which will increase the solvency risk of the 19 member states.
- 2. If the monthly Labour Force data shows that employment grew by 400 in net terms over the last month, unemployment rose by 10,700, and the participation rate fell by 0.1 points then we can conclude that:
- The labour force grew faster than employment but you cannot tell what happened to the working age population from the information provided.
- The labour force grew faster than employment but not as fast the working age population.
- The working age population grew faster than employment and offset the decline in the labour force arising from the drop in the participation rate.
- 3. If the household saving ratio rises and there is an external deficit then Modern Monetary Theory tells us that the government must increase net spending to fill the private spending gap or else national output and income will fall.
Sorry, quiz 687 is now closed.
You can find the answers and discussion here