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Basic Concepts & the Circular Flow · Question 56 of 72

Question 56

EasyOriginal question

Rent, wages, interest and profit in the circular flow are

Options for question 56

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. Firms pay rent for land, wages for labour, interest for capital and profit to entrepreneurs.

  2. These payments are the households' income.

Concept
Money flows
Typical time
40 s
Your time
—
The rule this testsThe circular flow of income
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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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