Circular Flow of Income Quiz

Which of the following is a stock?

• Wealth

• Saving

• Exports

• Profits

Money flow involves exchange of:

• Goods and services

• Gifts

• Money

• None Of these

Real flow is also known as:

• Nominal flow

• Physical flow

• Money flow

• Both (a) (b)

Losses are classified as:

• Stock variable

• Flow variable

• Either (a) or (b)

• Neither (a) nor (b)

Two-sector economy consists of'.

• Households, firms

• Firms, Foreign sector

• Households, Government

• Firms, Government

Which of the following Sector is not included in a two-sector economy?

• Government

• Firms

• Households

• All of these

Ina closed economy, ____________ is not included.

• Households

• Firms

• Government

• Foreign sector

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

Which of the following is a phase of circular flow of income?

• Generation Phase

• Distribution Phase

• Disposition Phase

• All of these

Which of the following is not considered a factor income?

• Rent

• Wages

• Gifts from abroad

• Profit