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The Weekend Quiz – February 13-14, 2021

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. National accounting rules dictate that a national government surplus equals a non-government deficit (and vice-versa). If a national government successfully achieves a fiscalsurplus through an austerity program then the private domestic sector must therefore be spending more than it is earning.

2. The relentless push by neo-liberals to cut real wages growth has ensured the share of national income going to profits has expanded over the last 30 years in many nations.

3. Unemployment can still rise when employment growth keeps pace with labour force growth.

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