Social Studies

9th

grade

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Reviewing our Knowledge of the Circular Flow of Income

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13 questions

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  • 1. Multiple Choice
    30 seconds
    1 pt

    The five sectors of the economy in the circular flow of income are...

    business, financial injections, labour, imports

    household, goods services, banks, business

    business, consumption, exports, financial, government

    household, business, financial, government, overseas

  • 2. Multiple Choice
    30 seconds
    1 pt

    Apply your understanding of the circular flow of income model to identify the money flow which best describes the following transaction:

    A shop assistant collects her weekly wage

    Income

    Economic resources

    Consumption/Expenditure

    Output/Goods and Services

  • 3. Multiple Choice
    30 seconds
    1 pt

    Apply your understanding of the circular flow of income model to identify the money flow which best describes the following transaction:

    A plastics firm installs a new moulding machine.

    Income

    Economic resources

    Consumption/Expenditure

    Output/Goods and Services

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