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The Weekend Quiz – May 28-29, 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. Larger fiscal deficits as a percentage of GDP typically mean that there are less real resources available for other productive uses.

2. For a nation running an external deficit, income adjustments will ensure that the government fiscal balance is in deficit if the domestic private sector is saving overall as a percentage of GDP.

3. Higher levels of taxation revenue ultimately permit the government to spend more.

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