{"id":16579,"date":"2011-10-22T04:00:42","date_gmt":"2011-10-21T18:00:42","guid":{"rendered":"https:\/\/billmitchell.org\/blog\/?p=16579"},"modified":"2011-10-22T04:00:42","modified_gmt":"2011-10-21T18:00:42","slug":"saturday-quiz-october-22-2011","status":"publish","type":"post","link":"https:\/\/billmitchell.org\/blog\/?p=16579","title":{"rendered":"Saturday Quiz &#8211; October 22, 2011"},"content":{"rendered":"<p>\t\t\t\tWelcome to the <strong>billy blog Saturday quiz<\/strong>. The quiz tests whether you have been paying attention over the last seven days. See how you go with the following questions. Your results are only known to you and no records are retained.<br \/>\n<!--more--><br \/>\n<h4>Quiz #135<\/h4><ul>\n<li>1. A sovereign national government has to tax in order to spend<\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<li>2. A budget surplus indicates that the national government is seeking to slow down aggregate demand.<\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<li>3. When the external sector is contributing to growth, the government can safely pursue a surplus even if private domestic sector desires to spend less than they earn.<\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<li>4. To redistribute national income back to workers, nominal wages have to grow faster than inflation.<\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<li>5. Premium Question: Assume that a nation&apos;s real GDP growth rate over the next year is 3 per cent and labour productivity grows at 1.5 per cent over the same period. If the the labour force maintains a growth rate of 1.5 per cent per annum and the average working week is constant in hours, then:<\/li><ul><li>The unemployment rate will rise in the coming year by 1.5 per cent.<\/li><li>The unemployment rate will fall in the coming year by 1.5 per cent.<\/li><li>The unemployment rate will be unchanged.<\/li><\/ul>\n<\/ul>\n\n\t<h3>Sorry, quiz 135 is now closed.<\/h3>\n\t<p> You can find the answers and discussion <a href=\"\/blog\/?p=16581\">here<\/a><\/p>\n\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to the billy blog Saturday quiz. The quiz tests whether you have been paying attention over the last seven days. See how you go with the following questions. Your results are only known to you and no records are retained.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[58],"tags":[],"class_list":["post-16579","post","type-post","status-publish","format-standard","hentry","category-saturday-quiz","entry","no-media"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/16579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16579"}],"version-history":[{"count":0,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/16579\/revisions"}],"wp:attachment":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}