Circular Flow of Income

Circular Flow of Income

7th Grade - University

10 Qs

quiz-placeholder

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Circular Flow of Income

Circular Flow of Income

Assessment

Quiz

Business

7th Grade - University

Practice Problem

Medium

Created by

Patricia Villena

Used 63+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

It is the branch of economics that deals with the structure, performance, behavior, and decision making of the whole, or aggregate, economy.

Macroeconomics

Microeconomics

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This studies economy-wide phenomena.

Macroeconomics

Microeconomics

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Income flow = Expenditure flow

True

False

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The following are factors of production except

Land

Labor

Wage

Entrepreneurship

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a leakage?

Investment

Government spending

Import

Export

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is an injection?

Savings

Investment

Taxes

Imports

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the payment received for capital?

Rent

Wages

Interest

Profit

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