How much do you know about the circular flow of income model? Check out this trivia quiz and put your knowledge to the test. The circular flow model explains how money travels between different sectors of the economy. If you were ever attentive in your Economics classes, then you'd know what a circular flow of income is. We know how hard it is to study sometimes. So use this fun quiz to refresh your memory as well. Let's begin the quiz, then!
People and Stores
Households and Businesses
Businesses and People
Households and Schools
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Land, Labor, Capital
Money
People
Income
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Goods and services
Income
Taxes
Grants
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Personal income tax
Government purchases of factor services
Imports
Business tax
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Success
Taxes
Monetary policy
Profit
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Imports equal exports
Savings equal investment
Injections equal withdrawals
Government revenue equals government expenditure
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Taxes
Imports
Savings
Government expenditures
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The purchase of a domestically produced good by a foreign company
Government salaries paid to civil servants
Government expenditure
Government salaries paid to civil servants
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Government
Resource market
Product market
Firms
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