The Economics of Elections: Checkpoint 1

Quick checkpoint - five questions on election costs, spending limits, campaign finance, the political business cycle and economic voting.

Question 1 of 5 Roughly how many people were registered to vote in India's 2024 Lok Sabha election?

10 crore Nearly 97 crore 200 crore 5 crore

It was the world's largest election.

Question 2 of 5 What is a major loophole in India's candidate spending limits?

Candidates can't spend anything Party spending isn't capped the same way Limits are too high No accounts are required

Parties can spend large amounts that don't count against candidates' limits.

Question 3 of 5 What did the US Citizens United decision in 2010 allow?

Public funding of elections Unlimited independent political spending by corporations and unions A ban on donations Free TV time

It led to the rise of super PACs.

Question 4 of 5 What did William Nordhaus propose in 1975?

The median voter theorem The political business cycle Inflation targeting The paradox of voting

Governments might boost the economy before elections and tighten after.

Question 5 of 5 Which price spike was linked to an election loss in Delhi in 1998?

Petrol Onions Gold Housing

The episode became political folklore about food prices and votes.

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