8. Topic 8(COLON) Measuring the Macroeconomy(COLON) National Income and the Circular Flow
Lesson 8.1: The Circular Flow Of Income — Quiz
Test your understanding of lesson 8.1: the circular flow of income with 5 practice questions.
Practice Questions
Question 1
Which of the following is an injection in the circular flow of income?
Question 2
What is the definition of national income?
Question 3
In equilibrium, what must be true about injections and withdrawals in the circular flow of income?
Question 4
Which of the following is a characteristic of a closed economy?
Question 5
What do we call the spending by households that is not saved or taxed?