Circular Flow of Income Model Quiz

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By SaintlyLynx

Quiz

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5 Questions

What is the circular flow of income model?

What corresponds in value but runs in the opposite direction in the circular flow model?

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

What does the circular flow analysis form the basis of?

In its most basic form, the circular flow model considers a simple economy consisting solely of which entities?

Description

Test your understanding of the circular flow of income model and its significance in macroeconomics with this insightful quiz. Explore the flows of money, goods, and services between economic agents, and gain a deeper insight into its role in national accounts and the economy.

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