circular flow of income

circular flow of income

12th Grade

31 Qs

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circular flow of income

circular flow of income

Assessment

Quiz

Business

12th Grade

Medium

Created by

Taruna Chhabra

Used 7+ times

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31 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

Which of the following is not considered a factor income?

rent

wages

gifts from abroad

profit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Two sector economy consists of:

households, firms

firms, foreign sector

households, government

firms, government

6.

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

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Losses are classified as:

stock variable

flow variable

either stock or flow

neither stock nor flow

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