The Circular Flow of Income - SS3 Economics Past Questions and Answers - page 1
Who supplies resources like labour, land, and capital in the circular flow of income?
Businesses
The government
Households
Investors
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What do businesses use to produce goods and services?
Money
Resources
Taxes
Regulations
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What do businesses receive in exchange for the goods and services they produce?
Resources
Dividends
Wages
Money
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What do businesses do with the revenue they receive from selling goods and services?
Invest in their business or pay dividends to their owners
Give it to the government
Spend it all on salaries for employees
Keep it in a savings account
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What does the circular flow of income create in the economy?
A stable cycle of income, expenditure, and production
A fluctuating cycle of income, expenditure, and production
A cycle of debt and bankruptcy
A cycle of unemployment and poverty
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What is the circular flow of income?
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What do households supply to businesses in the circular flow of income?
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What is the purpose of the circular flow of income?
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