
GWC N5 Economics Circular Flow 2

Quiz
•
Other
•
10th Grade
•
Hard
Joanne Arneil
FREE Resource
11 questions
Show all answers
1.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
The return for labour is wages. The return for land is ______ and the return for capital is ______.
rent, interest
interest, rent
profit, rent
interest, profit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following reflects the return to households for providing resources to firms?
resources from the household sector to the business sector
production from the business sector to the household sector
incomes paid to households from the business sector
spending (or expenditure) from the household sector to the business sector
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Savings (S), Taxes (T) and Import spending (M) added together are known as:
Injections
Leakages
levels of AD
None of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Disposable income is calculated by
Total income - total spending
Total income - income tax
Total income + bonuses and commissions
Total incomes - saving
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An increase in the level of leakages in an economy tend to have what effect on the economy?
It tends to slow levels of consumption spending leading to more employment opportunities
It tends to slow levels of consumption spending leading to less employment opportunities
It tends to increase levels of consumption spending leading to more employment opportunities
It tends to increase levels of consumption spending leading to less employment opportunities
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following statements is INCORRECT about import spending?
Import spending slows levels of consumption spending
Import spending can rise if household incomes rise
Import spending helps to grow another nation's economic growth
Import spending can help to grow the UK economy
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Injections act as an accelerator to the economy because it
includes levels of government spending
includes levels of export spending
includes levels of private business investment
all of the above
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