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Questions and Answers
In the circular flow of income, which sector represents the largest source of income for households?
In the circular flow of income, which sector represents the largest source of income for households?
- Government sector
- Domestic business sector (correct)
- Foreign sector
- Financial sector
What is the primary function of the financial sector in the circular flow of income?
What is the primary function of the financial sector in the circular flow of income?
- To provide financial capital to the domestic business sector (correct)
- To regulate the flow of income in the economy
- To redistribute income among households
- To provide goods and services to households
Which sector in the circular flow of income represents the flow of goods and services to the rest of the world?
Which sector in the circular flow of income represents the flow of goods and services to the rest of the world?
- Government sector
- Domestic business sector (correct)
- Financial sector
- Foreign sector
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