Circular Flow of Economy

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Which of the following is not included in a close economy?

1 point

Households

Firms

Government

Foreign Sector

Clear selection

Which of the following is not a phase of circular flow of economy?

1 point

Generation

Disposition

Dispersion

None of the above

Clear selection

Which phase involves the flow of factor income from firms to households?

1 point

Generation

Distribution

Disposition

Dispersion

Clear selection

Which phase involves spending of income factors of production on goods and services?

1 point

Generation

Distribution

Disposition

Dispersion

Clear selection

Two sector economy involves

1 point

Government and Households

Households and Firms

Foreign Sector and Government

Firms and Government

Clear selection

Which of the following is not an example of a factor income?

1 point

Rent

Gifts from abroad

Interest

Profit

Clear selection

The flow of money between firms and households can be termed as

1 point

Real Flow

Nominal Flow

Physical Flow

None of the above

Clear selection

The flow of goods and services between firms and households can be termed as

1 point

Real Flow

Money Flow

Nominal Flow

None of the above

Clear selection

Real Flow is also known as

1 point

Nominal Flow

Physical Flow

Money Flow

None of the above

Clear selection

Money Flow is also known as

1 point

Nominal Flow

Physical Flow

Money Flow

None of the above

Clear selection

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