Here are the answers with discussion for this Weekend’s Quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterday then have a go at it before you read the answers. I hope this helps you develop an understanding of Modern…
The Weekend Quiz – January 12-13, 2019
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.
Quiz #512
- 1. In a nation running an on-going external deficit, if the private domestic sector decides to increase the extent that it spends less than its overall income, then the national government has to increase its discretionary fiscal deficit in order to avoid rising employment losses.
- True
- False
- 2. The build-up of Chinese holdings of US government debt has allowed US citizens to enjoy a higher material standard of living at the expense of the residents of China.
- True
- False
- 3. Short-term interest rates are set by the central bank while the fiscal strategy manifests in tax and spending decisions by the government. Whereas the non-government sector cannot directly influence the interest rate target being set, it does, ultimately, determine the size of the fiscal deficit at any point in time.
- True
- False
Sorry, quiz 512 is now closed.
You can find the answers and discussion here
2 out of 3 again! Q1 wrong, It’ll be interesting to find out why….
Dear Bill,
“if the private domestic sector decides to increase the extent that it spends less than its overall income”
I can’t work out what this part of the sentence means. Can you help?
Regards,
Dave.
Dear David Kelley (at 2019/01/11 at 9:10 pm)
I can only say that it means what it says, which I know probably doesn’t help.
Work through it word for word. There is not trick meaning involved.
best wishes
bill
2 out of 3
got 3rd question wrong because i thought i had read another word.
=/
3/3 this week finally. But one must never rest on ones laurels with this quiz!
Got No-one wrong thinking it to be counter- intuitive with Bill playing a grammatical trick.