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. The unemployed on income support benefits live off the hard work of those who pay taxes.
- 2. A potential problem with running continuous fiscal deficits is that the spending builds up over time which adds to inflationary pressures.
- 3. If private domestic investment is less than private domestic saving, and, the external sector is draining aggregate demand, then the government fiscal balance has to be in deficit no matter what level of GDP is produced.
Sorry, quiz 691 is now closed.
You can find the answers and discussion here