In macroeconomics, the four sectors of an economy are

primary, secondary, tertiary and quaternaryCorrect answerYour answeragriculture, industry, services and bankingCorrect answerYour answerhouseholds, firms, the government and the rest of the worldCorrect answerYour answerconsumers, producers, workers and tradersCorrect answerYour answer

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CorrectNot quiteAnswer C

Correct answer: C

Macro models group decision makers into households, firms, the government and the external sector.
Primary, secondary and tertiary are kinds of production, not the sectors of the circular flow.

Concept: Sectors of a macro model
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsWhat macroeconomics studies

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Ten questions from Basic Concepts & the Circular Flow, at your own pace.

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Ten questions from Basic Concepts & the Circular Flow, at your own pace.

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In macroeconomics, the four sectors of an economy are

Explanation