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Saturday Quiz – April 18, 2009

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.

In February 2009, the unemployment rate was 5.7 per cent. If over the next 12 months GDP growth is -1 per cent (as expected), and the labour force growth slows to 1.6 per cent per annum and labour productivity growth is a flat 0.5 per cent per annum, then we would expect the unemployment in February 2010 to be approximately

Norway has a lower unemployment rate than Australia

Aiming at some budget deficit target (as outlined in the Government's Updated Economic and Fiscal Outlook for the 2008-09 Federal Budget) is futile because

The rising budget deficit will only become a problem

The latest data shows that Australians have on average lost more than 12 per cent of their real wealth in the last year as a result of the GFC. This means

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