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Saturday Quiz – September 7, 2013

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 questions. Your results are only known to you and no records are retained.

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 and given the national accounting relations, only one of these sectors can reduce its debt level at a time.

2. If workers secure wage increases in line with the growth in their contribution to production their share in national income will be stable.

3. The real spending capacity of a sovereign (currency-issuing) government is constrained by the tax revenue it receives.

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    This Post Has 2 Comments
    1. Dear Bill

      this election result is distressing, for many reasons, not least Abbott’s decision to strip so much funding from Foreign aid. And to add insult to injury, the coalition refused to respond to ANY questions regarding Arts funding, which leaves a very bad taste in the mouths of every artist, writer, actor, and organisation who funds the arts, especially regionally. I imagine you must be wringing your hands right now. Just awful.

    2. I never get more than 1/3 correct. Maybe I should stick to IT. Anyway, I’m worried about a JG/ELR program that doesn’t fund farming causing double-digit annual inflation in a developing country like my country Kenya.

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