Circular Flow of Economic Activity: The Flow of Goods, Services & Resources


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What are the factors of production?

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1. Which of the following is an injection into the circular flow model?

2. When savings leaks out of the circular flow model, what happens to it?

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About This Quiz & Worksheet

Use this quiz and worksheet to quickly assess your understanding of the circular flow model of the economy. Some of the things you'll need to know about to pass the quiz include what happens when savings leak out of the circular flow model and what the factors of production are.

Quiz & Worksheet Goals

These assessments will test you on the following:

  • Factors of production
  • Injections into the circular flow model
  • What happens when savings leak out of the model
  • Relationships in a market economy
  • What the circular flow model illustrates

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related lesson on the circular flow model of the economy
  • Critical thinking - apply relevant concepts to examine information about the flow of goods and services in a different light
  • Interpreting information - verify that you can read information about market economies and interpret it correctly

Additional Learning

To learn more about the circular flow model, review the related lesson on Circular Flow of Economic Activity: The Flow of Goods, Services & Resources. This lesson covers the following objectives:

  • Learn about the circular flow model
  • Discuss the factors of production and their corresponding prices
  • Explore the three groups involved in the circular flow model
  • Discuss injections and leakages from the circular flow model
  • Look at the circular flow model in action