The Weekend Quiz – February 3-4, 2018

Posted on Friday, February 2, 2018 by bill

Welcome to The Weekend Quiz. The quiz tests whether you have been paying attention or not to the blogs I post. See how you go with the following questions. Your results are only known to you and no records are retained.

1. When an economy is running a current account deficit, only one of the two remaining sectors (government or private domestic) can be in surplus, irrespective of the GDP growth rate.



2. Unlike a household, which not only has to service its debt obligations over the course of the loan but also has to repay them at the due date, a national government debt, which issues its own currency can always roll over its "own currency" debt obligations and never has to pay them back.



3. Over the last two decades, there have been major redistributions of national income towards profits in many nations. This has occurred as a result of the suppression of real wages growth.





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    3 Responses to The Weekend Quiz – February 3-4, 2018

    1. Lance says:
      Friday, February 2, 2018 at 16:44

      Two out of three! Got no 3 wrong.

    2. cs says:
      Saturday, February 3, 2018 at 4:02

      Oh dear. 1/3. Very humbling these quizzes. You have to be so careful with the ones that sort-of sound right. Bill will get you on the technicalities.

    3. Jerry Brown says:
      Saturday, February 3, 2018 at 7:12

      “Bill will get you on the technicalities”. He sure will :).

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