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The Weekend Quiz – February 26-27, 2022

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. We are told that a country is running a small current account deficit and that the private domestic sector is saving overall. However, until we know the relative magnitudes of these balances, we are unable to conclude the state of the fiscal balance.

2. The initial stock of non-government sector wealth is invariant to the decision by government to issues bonds to match its deficit spending as against not issuing any bonds.

3. The stock of government spending continually rises when there are rising fiscal deficits.

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