Quiz #666
- 1. In most nations at present, both the government and the private domestic sectors are carrying historically large debt ratios. However, under current public sector debt-issuance arrangements, only one of these sectors can reduce its debt level at a time.
- 2. Workers can enjoy a stable share of GDP over time if their money wages increase in line with labour productivity.
- 3. The tax revenue a government receives constrains the real spending capacity of a sovereign government.
Quiz #666 answers
- 1. In most nations at present, both the government and the private domestic sectors are carrying historically large debt ratios. However, under current public sector debt-issuance arrangements, only one of these sectors can reduce its debt level at a time.
Answer: False
- 2. Workers can enjoy a stable share of GDP over time if their money wages increase in line with labour productivity.
Answer: False
- 3. The tax revenue a government receives constrains the real spending capacity of a sovereign government.
Answer: True