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 – August 13-14, 2022
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. In a fiat monetary system with an on-going external deficit, if a government wants the domestic private sector to reduce its overall debt levels without employment losses, then it has increase its fiscal deficit beyond the size of the external deficit.
- 2. The only time that a fiscal surplus represents increased national savings is when the government creates a sovereign fund.
- 3. The massive build-up of Chinese holdings of US government debt allowed US citizens to enjoy a higher material standard of living overall at the expense of the residents of China.
Sorry, quiz 696 is now closed.
You can find the answers and discussion here