CIRCULAR FLOW OF INCOME CLASS 12 MACRO ECONOMICS

A detailed infographic showing the circular flow of income in an economy, illustrating households, firms, and factors of income with vibrant colors and diagrams.

Understanding Circular Flow of Income

Test your knowledge of the Circular Flow of Income with this comprehensive quiz designed for Class 12 Macro Economics students. This quiz includes questions about various phases of the circular economy, flow vs. stock variables, and aspects of income generation and distribution.

11 multiple-choice questions
Relevant for students studying Macro Economics
Checks understanding of key concepts

11 Questions3 MinutesCreated by EngagingEcon101

WHICH OF THE FOLLOWING IS A PHASE OF CIRCULAR FLOW OF INCOME?

GENERATION PHASE

DISTRIBUTION PHASE

DISPOSITION PHASE

ALL OF THESE

WHICH OF THE FOLLOWING IS NOT AN EXAMPLE OF FLOW VARIABLE?

NUMBER OF BIRTHS DURING A YEAR

NATIONAL WEALTH

NATIONAL INCOME

WHEAT PRODUCED DURING A YEAR

WHICH OF THE FOLLOWING IS NOT CONSIDERED A FACTOR INCOME?

RENT

WAGES

GIFTS FROM ABROAD

PROFIT

TWO-SECTOR ECONOMY CONSISTS OF:

HOUSEHOLDS,FIRMS

FIRMS,FOREIGN SECTOR

HOUSEHOLDS,GOVERNMENT

FIRMS, GOVERNMENT

STOCK VARIABLE IS DEFINED AS A VARIABLE WHICH IS

MEASURED OVER A PERIOD OF TIME

MEASURED AT A PARTICULAR POINT OF TIME

CANNOT BE MEASUED

NONE OF THESE

LOSSES ARE CLASSIFIED AS

STOCK VARIABLE

FLOW VARIABLE

EITHER A OR B

NEITHER A OR B

REAL FLOW IS ALSO KNOWN AS

NOMINAL FLOW

PHYSICAL FLOW

MONEY FLOW

BOTH A AND B

WHICH OF THE FOLLOWING IS THE CONSUMPTION SECTOR

HOUSEHOLDS

FIRMS

FOREIGN

GOVERNMENT

WHICH OF THE FOLLOWING IS A FLOW

EXPENDITURE IN MONEY

MONEY SUPPLY

NATIONAL WEALTH

QUANTITY OF WHEAT STORED

WHICH OF THE FOLLOWING IS A STOCK

SAVINGS

PRODUCTION

CONSUMPTION OF FIXED CAPITAL

CAPITAL

CIRCULAR FLOW OF INCOME CLASS 12 MACRO ECONOMICS

Understanding Circular Flow of Income

More Quizzes