{"id":41563,"date":"2019-02-15T16:00:07","date_gmt":"2019-02-15T06:00:07","guid":{"rendered":"https:\/\/billmitchell.org\/blog\/?p=41563"},"modified":"2019-02-15T16:00:07","modified_gmt":"2019-02-15T06:00:07","slug":"the-weekend-quiz-february-16-17-2019","status":"publish","type":"post","link":"https:\/\/billmitchell.org\/blog\/?p=41563","title":{"rendered":"The Weekend Quiz &#8211; February 16-17, 2019"},"content":{"rendered":"<p>\t\t\t\tWelcome to <strong>The Weekend Quiz<\/strong>. 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.<br \/>\n<!--more--><\/p>\n<h4>Quiz #517<\/h4><ul>\n<li>1. Which scenario represents a more expansionary outcome: <ul> <li>(a) A fiscal deficit equivalent to 2 per cent of GDP (including the impact of automatic stabilisers equivalent to 1 per cent of GDP).<\/li> <li>(b) A fiscal deficit equivalent to 2 per cent of GDP completely &apos;structural&apos; in nature.<\/li> <li>(c) A fiscal deficit of equivalent to 3 per cent completely &apos;cyclical&apos; in nature.<\/li> <li>(d) You cannot tell because of the different cyclical and structural components in the previous options.<\/li> <\/ul><\/li><ul><li>Option (d)<\/li><li>Option (c)<\/li><li>Option (b)<\/li><li>Option (a)<\/li><\/ul>\n<li>2. If net exports are running at 2 per cent of GDP, and the private domestic sector overall is saving an equivalent of 3 per cent of GDP, the government must be running a surplus equal to 1 per cent of GDP.<\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<li>3. A nation can export less than the sum of imports, net factor income (such as interest and dividends) and net transfer payments (such as foreign aid) and run a government surplus: <\/li><ul><li>Of equal proportion to GDP, while the private domestic sector is spending less than they are earning.<\/li><li>Of equal proportion to GDP, while the private domestic sector is spending more than they are earning.<\/li><li>That is larger, while the private domestic sector is spending less than they are earning.<\/li><li>None of the above are possible as they all defy the sectoral balances accounting identity.<\/li><\/ul>\n<\/ul>\n\n\t<h3>Sorry, quiz 517 is now closed.<\/h3>\n\t<p> You can find the answers and discussion <a href=\"\/blog\/?p=41561\">here<\/a><\/p>\n\t\n","protected":false},"excerpt":{"rendered":"<p>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.<\/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-41563","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\/41563","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=41563"}],"version-history":[{"count":0,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/41563\/revisions"}],"wp:attachment":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}