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The Weekend Quiz – December 29-30, 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. In general, the estimates provided by the organisations such as the OECD and IMF of the impact of the automatic stabilisers are biased upwards.

2. If there is an external deficit, efforts by the private domestic sector to increase its overall saving as a percentage of GDP to even higher levels, will ensure the government fiscal balance is in deficit, irrespective of what the government desires.

3. When a government runs a continuous fiscal deficit, public spending builds up over time.

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