Test your knowledge of the circular flow of income with this quiz. Explore the k...
3 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

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?

  • 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?

  • Government sector
  • Domestic business sector (correct)
  • Financial sector
  • Foreign sector

    • More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser