Quiz: The Circular Flow of Income Model
Pearson Edexcel Level 3 Advanced GCE in Economics A (9EC0)
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Welcome to this quiz on the circular flow of income model. Test your understanding with 10 questions!
What does the circular flow of income model represent?
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Which of the following are components of the circular flow of income? (Select all that apply)
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The circular flow of income involves two main flows: the flow of {{blank0}} from households to firms and the flow of {{blank1}} from firms to households.
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Match the items on the left with their correct pairs on the right
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If total injections into the economy are £500 billion and total withdrawals are £450 billion, what is the net effect on the circular flow of income?
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Which of the following is an example of a withdrawal from the circular flow of income?
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Match the items on the left with their correct pairs on the right
Which of the following are examples of injections into the economy? (Select all that apply)
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What happens if injections exceed withdrawals in the circular flow of income?
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