Circular Flow of Income
Authored by Patricia Villena
Business
7th Grade - University
Used 63+ times
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10 questions
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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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