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WorksheetsCircular flow of income
Total questions: 15
Worksheet time: 8mins
Which of the following is a phase of Circular flow?
Generation phase
Distribution phase
Disposition phase
All of these
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
Which of the following is not considered a factor income?
rent
wages
gifts from abroad
profit
Two sector economy consists of:
households, firms
firms, foreign sector
households, government
firms, government
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
Losses are classified as:
stock variable
flow variable
either stock or flow
neither stock nor flow
Real flow is also known as:
nominal flow
physical flow
money flow
both nominal and physical flow
Which of the following is the consumption sector?
households
firms
foreign
government
Money flow involves exchange of:
goods and services
gifts
money
none of these
Real flow refers to the flow of factor services from ....... to........ .
firms to households
households to firms
firms to government
household to government
In a closed economy, ........................... is not included?
households
firms
government
Foreign sector
Which of the following is not a flow?
Capital
Income
Investment
Depreciation
which of the following is a stock?
wealth
saving
exports
profits
Which of the following diagram represents real flow?
Circular flow of income is correctly represented in the diagram:
