You have got to be kidding me

 

1. I did pretty good for a dumb sh*t! I made 87.88%

   Mike

   Posted by BOGEYB       06/19/2011  at  10:01 PM  



2. I botched 2 questions regarding fiscal policy. I, too, got a 94% with 2 questions wrong. Great link! I’m gonna repost on my FB wall. I bet most of my cyber-friends are in the roughly 88% who will get less than 69%. That’s a sad, sad commentary on the education of your citizens as a whole. Those who expect to free and ignorant expect what never was a never will be. That comment should be the first question on the test - who made this statement?

   Anyway, thanks for the link. great stuff.

   Risk

   Posted by Risk       06/19/2011  at  10:14 PM  



3. You answered 32 out of 33 correctly — 96.97 %

   Question: If taxes equal government spending, then:
   Your Answer: government debt is zero
   Correct Answer: tax per person equals government spending per person on average

   Dang debt vs. deficit thing.  Need more coffee.

   Posted by Corsair       06/20/2011  at  06:03 AM  



4. An 80% yeah I talked myself out of one answer - should have known better but still - good for me since I haven’t been to school since well - before disco was king.

   Posted by wardmama4       06/20/2011  at  06:50 AM  



5. Not braggin’ but.....

   You answered 33 out of 33 correctly — 100.00 %

   

   Posted by JimS       06/20/2011  at  08:08 AM  



6. 87.88%. We here are all a hell of a lot smarter than those young ones they churn out of schools these days. And that IS sad.

   Posted by Macker       06/20/2011  at  08:14 AM  



7. Corsair - that’s one of the two that got me, and the answer provided. Given that we have a progressive income tax, a better wording would have been “average tax per person equals government spending per person on average”. Our answer would have been more correct if it had read “New government debt is zero”.

   I blew the “what is business profit” one too because I thought it was more complicated. It isn’t. What constitutes profit for my one man company is what constitutes profit for GE. Of course, if they’d said “gross profit” instead of just “profit”, I would have got it in a blink. Too many people think of business profit as the gross. It really isn’t, especially not when a large corporation has all sorts of buildings, equipment, loans, tax deals, etc. The bottom line is the bottom line, ie net income, but I think actual business profit ought to be the bottom line plus the paid dividends and bonuses.

   Go Team! We are doing quite well so far. Kudos to JimS for acing it!

   Posted by Drew458       06/20/2011  at  08:42 AM  



8. got 87.88 also. should not have tried while trying to watch Beck at the same time!  æ

   Posted by Rancino       06/20/2011  at  05:40 PM  

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