Quiz 5

According to the International Monetary Fund (IMF), we are expecting which of the following to happen to the world economy in 2014:

Which US president did not contribute to the 14.3 trillion dollar debt that the US had accumulated by 2011?

Immigration contributes to over half of Canada's national population debt population debt.

Exports have not contributed to Canada's GDP growth since 2000.

Match the following to their contribution to world economic growth in 2013:
29%

Match the following to their contribution to world economic growth in 2013:
13%

Match the following to their contribution to world economic growth in 2013:
9%

Match the following to their contribution to world economic growth in 2013:
4%

The US industrial production of oil and gas currently has reached levels equivalent to the:

Without immigration, population would decline in which 4 provinces?

Choose the correct statement for Canada.

When 3 factor make up the Macro Triangle?

Debt is not unsustainable but it has large amounts of this debt coming to maturity (short term debt) and it is not able to roll it over.

Debt relative to its income is so hight that in most states of the world it will not be able to pay back its debt and the interest on it.

Which of the statements are true?
a) Illiquidity can be resolved by bailouts to stop rollover/run crises
b) Illiquidity can be resolved by debt restructuring before default
c) Illiquidity can be resolved by coercive restructuring of debts
d) Illiquidity can be resolved by disorderly debt restructuring (default)
e) insolvency = illiquidity

Which of the following "known-unknowns" characterize the US economy?

How did we avoid a Great Depression in 2.0 in 2008-2009?

Provide monetary and Fiscal stimulus and bailout the private sector as otherwise the recession can lead to a depression as self-fulfilling panics and runs occur while private demand is collapsing.

Front-load the adjustment/reform and restructure balance sheets and P&Ls. Don't bailout as you postpone financial and operational restructuring and you cause moral hazard: zombie banks, insolvent households, bankrupt governments.

Rank the (national debt/GDP) ratios for the following countries:
Japan

Rank the (national debt/GDP) ratios for the following countries:
Canada

Rank the (national debt/GDP) ratios for the following countries:
United States

Rank the (national debt/GDP) ratios for the following countries:
China

Rank the (national debt/GDP) ratios for the following countries:
Russia

Canada's national debt is at an all-time high

Canada's national debt as a proportion of its GDP is at an all-time high

Monetary policy referred to as "quantitative easing" involves

The nation or collection of nations in control of the world's reserve currency is:

The country with the largest foreign currency reserves per GDP in 2013 is:

Per capita GDP is:

Which country has the lowest average unemployment rate?

The geometric mean annual growth rate of the above economy from 1985 to 2010 was"

About how long will it take for the above economy to double its GDP?

What is the statistic associated with the figure below called?

The Gini coefficient allows us to "quantify" the differences in income inequality across countries

The best measure economic growth is:

What does the figure below suggest about global change in the 21st Century?

The acronym PPP stands for:

There is no correlation between life satisfaction and GDP once it is corrected for PPP.

What is the curve associated with the figure below called?

The dependancy ratio for Canada is projected to decline

Separation of the mean and the median household incomes is an indicator of growing inequality.

Which of the following United States (US)-European Union (EU) comparisons is correct?