{"id":5094,"date":"2009-09-19T07:14:06","date_gmt":"2009-09-18T21:14:06","guid":{"rendered":"https:\/\/billmitchell.org\/blog\/?p=5094"},"modified":"2009-09-19T07:14:06","modified_gmt":"2009-09-18T21:14:06","slug":"saturday-quiz-september-19-2009","status":"publish","type":"post","link":"https:\/\/billmitchell.org\/blog\/?p=5094","title":{"rendered":"Saturday Quiz &#8211; September 19, 2009"},"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.<\/p>\n<p>See how you go with the following five questions. Your results are only known to you and no records are retained.<br \/>\n<!--more--><br \/>\n<h4>Quiz #26<\/h4><ul>\n<li>1. If the national government is running a daily deficit then at the end of each day you have a positive stock of government net spending.<\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<li>2. If public employment and private employment growth match the growth in the labour force, then unemployment cannot rise.<\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<li>3. If a country runs a permanent external deficit (current account), and its government aims to balance its budget (on average) over the course of a business cycle (peak to peak in GDP), then it means that the government also wants the private domestic sector to run deficits (spend more than they are earning and increase their debt obligations) over the same business cycle.<\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<li>4. It is clear that as the population ages, we will reach some point when the non-government sector will begin to dis-save because individuals no longer have any need to accumulate assets for future consumption. This will mean the government will have to run surpluses as a matter of national accounting.<\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<li>5. The unemployment rate will remain stable if the sum of public and private employment growth is equal to the growth in the labour force.<\/li><ul><li>False<\/li><li>True<\/li><\/ul>\n<\/ul>\n<h3>Sorry, quiz 26 is now closed.<\/h3>\n\t<p> scroll down to  find the answers and explanation below.\n\t<br\/><br\/><br\/><br\/><br\/><br\/><br\/><br\/><br\/><br\/><br\/><br\/><br\/><br\/><br\/><br\/>\n\t<h4>Quiz #26 answers <\/h4><ul>\n<li>1. If the national government is running a daily deficit then at the end of each day you have a positive stock of government net spending.<\/li><p>Answer: False<\/p><p>Explanation: You might like to review <a href=\"https:\/\/billmitchell.org\/blog\/?p=5032\">Macroeconomics get lost in the kitchen cupboard<\/a> for further information or post a comment.<\/p>\n<li>2. If public employment and private employment growth match the growth in the labour force, then unemployment cannot rise.<\/li><p>Answer: False<\/p><p>Explanation: You might like to review <a href=\"https:\/\/billmitchell.org\/blog\/?p=4996\">What if  public employment?<\/a> for further information or post a comment.<\/p>\n<li>3. If a country runs a permanent external deficit (current account), and its government aims to balance its budget (on average) over the course of a business cycle (peak to peak in GDP), then it means that the government also wants the private domestic sector to run deficits (spend more than they are earning and increase their debt obligations) over the same business cycle.<\/li><p>Answer: True<\/p><p>Explanation: You might like to review <a href=\"https:\/\/billmitchell.org\/blog\/?p=5032\">Macroeconomics get lost in the kitchen cupboard<\/a> for further information or post a comment.<\/p>\n<li>4. It is clear that as the population ages, we will reach some point when the non-government sector will begin to dis-save because individuals no longer have any need to accumulate assets for future consumption. This will mean the government will have to run surpluses as a matter of national accounting.<\/li><p>Answer: True<\/p><p>Explanation: You might like to review <a href=\"https:\/\/billmitchell.org\/blog\/?p=4997\">Signs of recovery prompt cries for surpluses<\/a> for further information or post a comment.<\/p>\n<li>5. The unemployment rate will remain stable if the sum of public and private employment growth is equal to the growth in the labour force.<\/li><p>Answer: True<\/p><p>Explanation: You might like to review <a href=\"https:\/\/billmitchell.org\/blog\/?p=4996\">What if  public employment?<\/a> for further information or post a comment.<\/p>\n<\/ul>\n\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 five 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-5094","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\/5094","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=5094"}],"version-history":[{"count":0,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5094\/revisions"}],"wp:attachment":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}