WorksheetsCircular Flow Quiz Review
Total questions: 19
Worksheet time: 10mins
Box A is
Households
Firms
Factor Market
Product Market
Box D is
Households
Firms
Factor Market
Product Market
Box C is
Households
Firms
Factor Market
Product Market
Box B is
Households
Firms
Factor Market
Product Market
Arrow 1 represents
consumer goods purchased
business revenue
inputs used as a resource for production
payment for wages, salary, income, rent or interest payments
consumption spending
Arrow 2 represents
consumer goods purchased
business revenue
inputs used as a resource for production
payment for wages, salary, income, rent or interest payments
consumption spending
Arrow 3 represents
consumer goods purchased
business revenue
inputs used as a resource for production
payment for wages, salary, income, rent or interest payments
consumer products sold (outputs)
Arrow 4 represents
consumer goods purchased
business revenue
inputs used as a resource for production
payment for wages, salary, income, rent or interest payments
consumer products sold (outputs)
Arrow 5 represents
money received as income
land, labor, capital, entrepreneurial ability
inputs used as a resource for production
payment for wages, salary, income, rent or interest payments
consumer products sold (outputs)
Arrow 6 represents
money received as income
land, labor, capital, entrepreneurial ability
inputs used as a resource for production
payment for wages, salary, income, rent or interest payments
consumer products sold (outputs)
Arrow 7 represents
money received as income
land, labor, capital, entrepreneurial ability
inputs used as a resource for production
payment for wages, salary, income, rent or interest payments
consumer products sold (outputs)
Arrow 8 represents
money received as income
land, labor, capital, entrepreneurial ability
inputs used as a resource for production
payment for wages, salary, income, rent or interest payments
consumer products sold (outputs)
Who are the demanders/consumers in the product market?
Households
Firms
Who are the demanders/consumers in the factor market?
Households
Firms
Who are the suppliers/producers in the Product Market?
Households
Firms
Who are the suppliers/producers in the Factor Market?
Household
Firms
The function of money in which it is accepted as payment for goods and services
unit of account
medium of exchange
store of value
The function of money in which it retains its value at least over periods of days or weeks.
unit of account
medium of exchange
store of value
The function of money in which values can be measured in units
unit of account
medium of exchange
store of value
