Font size
WorksheetsCircular Flow Model - In the context of McDonalds NZ
Total questions: 25
Worksheet time: 13mins
What are the two real flows that go betweent the household sector and the producer sector?
Goods and services
Resources
Imports
Exports
What are the two money flows that go between the household and producer sector?
Resources
Taxes
Income
Consumer Spending (consumption spending)
What is the money flow between the household sector and the financial sector?
Savings
Investment
Income
Tax Receipts
What is the money flow between the Financial Sector and the Producer Sector?
Savings
Income
Investment
Interest
What is the money flow betweent the Household Sector and the Government Sector?
Direct Tax (PAYE)
Indirect Tax
Subsidy
GST
What is the money flow between the Government Sector and the Household Sector?
Direct Tax (PAYE)
Indirect Tax
Subsidies
Transfer Payments
What is the money flow between the Government Sector and the Producer Sector
Direct Tax
Indirect Tax
Subsidies
Transfer Payments
What is the name of the money flow between the Producer Sector and the Government Sector?
Subsidies
Income
Export Receipts
Indirect Tax
What are the real flows between the Overseas Sector and the Producer Sector?
Imports
Exports
Import Payments
Export Receipts
What are the real flows between the Producer Sector and the Overseas eSector?
Goods and Services
Imports
Exports
Resources
Transfer Payments can only be paid to Household Sector
True
False
Which of these is an example of an indirect tax?
GST
PAYE (pay as your earn)
An example of a transfer payment could be?
A welfare benefit
Paying a Teacher
A subsidy is paid by consumers to the government
True
False
Consumption Spending is a real flow
true
false
Resources are a real flow
true
false
Subsidies are a money flow
True
False
Investment Payments go from financial sector where?
Household Sector
Government Sector
Producer Sector
Overseas Sector
Only the Household Sector can make savings
True
False
Resources flow from the ________ Sector to the Producer Sector
Household
Government
Overseas
Financial
Imports and Exports are Real Flows
True
False
Which sector are university students operate in when they buy a big mac?
Household
Producer
Government
Overseas
Which of the following is an example of a firm operating in the financial sector?
Westpac
McDonalds
Families
University students
Labour is an example of what?
A resource
An investment
A saving
A Big Mac is an example of what?
A good / service
A resource
An import
An export
