FRBB: Economic Quiz

Federal Reserve Bank of Boston Economic Quiz

Fiscal Policy

The Federal Reserve, which determines monetary policy,

Directly determines fiscal policy as well

Considers the effects of fiscal policy when planning monetary policy

Is unable to predict fiscal policy

Is independent of fiscal policy and thus not concerned with fiscal policy

In 2000, what percentage of the government's expenditures were spent on consumption and investment?

30.7%

56.3%

81.5%

93.4%

3) In 2000, education accounted for the following percentage of the federal government's consumption expenditure and investment:

1.2 %

15.1 %

43.4 %

63.6 %

In 2000, the gross public debt ratio (public debt as a percentage of GDP) in the United States was:

Lower than OECD countries as a whole

Lower than the euro area but higher than Japan and Canada

Average compared to OECD countries as a whole

Higher than OECD countries as a whole

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Economic quiz written by: Anne vanGrondelle - June 3, 2002
Views expressed in the economic quiz are those of the individual author.