Circular flow of Income

Circular flow of Income

9th - 12th Grade

8 Qs

quiz-placeholder

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Circular flow of Income

Circular flow of Income

Assessment

Quiz

Other

9th - 12th Grade

Practice Problem

Hard

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the 3 leakages in the Circular Flow Income Model?

Financial Sector, Government Sector and Overseas Sector

Savings, Taxation and Imports

Savings, Taxation and Exports

Investment, Government Spending & Exports

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does GDP stand for?

Good Domestic Pets

Grand Diamond Products

Gross Domestic Product

Grand Domestic Prizes

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the economy is CLOSED - which sector is not included?

Government Sector

Financial Sector

Household Sector

Overseas Sector

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What are the 3 injections in the Circular Flow Model?

Taxation

Government Spending

Exports

Investment

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

In the Circular Flow Model, savings is a leakage into which sector??

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If Consumption, Investment, Government Spending and Exports remain the same, but Imports INCREASE - what will happen to GDP?

It will decrease

It will increase

It will stay the same

Won't have an affect on the GDP

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Media Image

Which sector is missing from this picture?

8.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Media Image

Which sector is missing from this model?