Quiz #212 answers

• 1. The distribution of national income has shifted in most advanced nations over the last two decades in favour of profits and has forced workers to increase their debt levels to maintain consumption growth. This trend will only be reversed if workers can secure higher wages each year in line with the growth of labour productivity.

Answer: False

• 2. Under current arrangements, where sovereign governments match their deficits with issues of debt to the private sector, it is possible for the government and the private domestic sectors to simultaneously run surpluses.

Answer: True

• 3. A currency-issuing sovereign government can always provide first-class health care to its ageing citizens if it has the political will.

Answer: False