{"id":30429,"date":"2015-03-14T04:00:06","date_gmt":"2015-03-13T18:00:06","guid":{"rendered":"https:\/\/billmitchell.org\/blog\/?p=30429"},"modified":"2015-03-14T04:00:06","modified_gmt":"2015-03-13T18:00:06","slug":"saturday-quiz-march-14-2015","status":"publish","type":"post","link":"https:\/\/billmitchell.org\/blog\/?p=30429","title":{"rendered":"Saturday Quiz &#8211; March 14, 2015"},"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 #312<\/h4><ul>\n<li>1. Start from a situation where the external surplus is the equivalent of 2 per cent of GDP and the fiscal surplus is 2 per cent of GDP. If the fiscal balance remains unchanged and the external surplus rises to 4 per cent of GDP then:<\/li><ul><li>National income rises and the private surplus moves from 4 per cent of GDP to 6 per cent of GDP.<\/li><li>National income remains unchanged and the private surplus moves from 4 per cent of GDP to 6 per cent of GDP.<\/li><li>National income falls and the private surplus moves from 4 per cent of GDP to 6 per cent of GDP.<\/li><li>National income rises and the private surplus moves from 0 per cent of GDP to 2 per cent of GDP.<\/li><li>National income remains unchanged and the private surplus moves from 0 per cent of GDP to 2 per cent of GDP.<\/li><li>National income falls and the private surplus moves from 0 per cent of GDP to 2 per cent of GDP.<\/li><\/ul>\n<li>2. A rising fiscal deficit necessarily indicates that fiscal policy is expansionary.<\/li><ul><li>True<\/li><li>False<\/li><\/ul>\n<li>3. If private households and firms decide to lift their saving ratio the national government has to increase its net spending (deficit) to fill the spending gap or else economic activity will slow down.<\/li><ul><li>True<\/li><li>False<\/li><\/ul>\n<\/ul>\n\n\t<h3>Sorry, quiz 312 is now closed.<\/h3>\n\t<p> You can find the answers and discussion <a href=\"\/blog\/?p=30426\">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-30429","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\/30429","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=30429"}],"version-history":[{"count":0,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/30429\/revisions"}],"wp:attachment":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}