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The Weekend Quiz – October 24-25, 2020

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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. Only one of the following propositions is possible for a nation over any given period (with all balances expressed as a per cent of GDP):An external deficit accompanied by a public surplus of equal size and the private domestic sector saving overall.An external deficit accompanied by a public surplus of equal size and the private domestic sector dis-saving overall.An external deficit accompanied by a larger public surplus and the private domestic sector saving overall.2. If in attempting to estimate the cyclical component of a government fiscal

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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.

The Weekend Quiz – October 24-25, 2020

1. Only one of the following propositions is possible for a nation over any given period (with all balances expressed as a per cent of GDP):




2. If in attempting to estimate the cyclical component of a government fiscal outcome we underestimate the potential capacity of an economy, we will conclude that the government's discretionary fiscal position is less expansionary than it actually is.



3. Governments concerned with their public debt ratio should encourage growth because the debt ratio falls once economic growth resumes.





Bill Mitchell
Bill Mitchell is a Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at the University of Newcastle, NSW, Australia. He is also a professional musician and plays guitar with the Melbourne Reggae-Dub band – Pressure Drop. The band was popular around the live music scene in Melbourne in the late 1970s and early 1980s. The band reformed in late 2010.

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