CIRCULAR FLOW OF INCOME CLASS 12 MACRO ECONOMICS
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
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
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