Economics - Circular flow of Income

Economics - Circular flow of Income

12th Grade

17 Qs

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Economics - Circular flow of Income

Economics - Circular flow of Income

Assessment

Quiz

Other

12th Grade

Practice Problem

Medium

Created by

Asha Yadav

Used 336+ times

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17 questions

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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

Real flow is also known as:

nominal flow

physical flow

money flow

both nominal and physical flow

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the consumption sector?

households

firms

foreign

government

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