Circular Flow & GDP quiz

What is being represented by the "green flow lines"

• Flow of Money
• Flow of Goods and Services
• law

In the circular flow model, what do individuals SELL to businesses

• Services
• Money
• Resources
• D Goods

In the United States economy, what do businesses buy from consumers?

• Resources
• Interest
• goods
• services

In the products market

• firms buy goods and services from households
• firms sell goods and services to households
• firms sell resources to households
• firms buy resources from households

What do the households provide businesses?

• Labour
• Wages
• Resources
• Goods and services

In the circular flow model, the product market describes _____.

• stores that sell goods and services to households
• the government paying for public goods
• households selling their labor to businesses
• households receive income from businesses

What do businesses provide for consumers according to the circular flow model?

• goods and services
• only goods
• only services
• taxes

Look at the picture.  What should replace Y?

• Consumers
• Firms
• Factors
• Revenue

In which market do consumers purchase goods and services?

• Factor 
• Product
• Households
• none of the above

In which market do Firms purchase the scarce resources from households?

• Factor 
• Product
• Households
• none of the above