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Questions and Answers
Which economic concept is represented by the circular flow model?
Which economic concept is represented by the circular flow model?
- Inflation
- Circular flow of income (correct)
- Gross domestic product
- Supply and demand
What is the basis of macroeconomics and national accounts?
What is the basis of macroeconomics and national accounts?
- Supply and demand
- Inflation
- Circular flow analysis (correct)
- Gross domestic product
Who developed and visualized the concept of the circular flow in the Tableau économique?
Who developed and visualized the concept of the circular flow in the Tableau économique?
- François Quesnay (correct)
- Karl Marx
- Richard Cantillon
- John Maynard Keynes
Which economist's work included reproduction schemes in the second volume of Capital: Critique of Political Economy?
Which economist's work included reproduction schemes in the second volume of Capital: Critique of Political Economy?
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Who further developed the concept of the circular flow for the United Nations and the Organisation for Economic Co-operation and Development?
Who further developed the concept of the circular flow for the United Nations and the Organisation for Economic Co-operation and Development?
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