Circular Flow of Income Model

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By TopnotchSanctuary

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What is the circular flow of income model?

What do the flows of money and goods exchanged in the circular flow correspond in value?

Who developed the concept of circular flow in the so-called Tableau économique?

What is the basis of national accounts and macroeconomics?

In its most basic form, what does the circular flow model consider?

Description

Test your knowledge of the circular flow of income model in economics with this quiz. Explore the exchanges of money, goods, and services between economic agents and their impact on the economy.

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