Circular flow of income

Circular flow of income

12th Grade

15 Qs

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Circular flow of income

Circular flow of income

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Ankit Kumar

Used 489+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a phase of Circular flow?

Generation phase

Distribution phase

Disposition phase

All of these

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not an example of flow variable?

Number of births during a year

National wealth

National income

wheat produced during a year

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not considered a factor income?

rent

wages

gifts from abroad

profit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Two sector economy consists of:

households, firms

firms, foreign sector

households, government

firms, government

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Stock variable is defined as a variable which is:

measured over a period of time

measured at a particular point of time

cannot be measured

None of these

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Losses are classified as:

stock variable

flow variable

either stock or flow

neither stock nor flow

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Real flow is also known as:

nominal flow

physical flow

money flow

both nominal and physical flow

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