Circular Flow of Income Quiz
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Questions and Answers

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?

  • 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?

  • 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?

    <p>Karl Marx</p> Signup and view all the answers

    Who further developed the concept of the circular flow for the United Nations and the Organisation for Economic Co-operation and Development?

    <p>Richard Stone</p> Signup and view all the answers

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