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The Weekend Quiz – December 22-23, 2018

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

1. Higher levels of taxation permit the government to spend more.



2. For nations facing strong terms of trade (such as Australia), if the net exports boom is strong enough to push the fiscal balance into surplus and the economy to full employment then it is sensible for the government to accumulate the surpluses in a sovereign fund to create more space for non-inflationary spending in the future.



3. The reason estimates of structural fiscal deficits are to be treated with suspicion relates to the fact that typically the associated estimates of potential GDP are too optimistic.





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    This Post Has 5 Comments
    1. esp: there are people running so-called economic think-tanks who would get 0/3 in any of these quizzes. They are charlatans. Therefore, that 3/3 is probably not enough reason to think of starting your own.

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