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The circular flow of income - Jamb Economics Past Questions and Answers

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Jamb Economics Past Questions

Jamb Past Questions and Answers on The circular flow of income

Question 11:


An example of injection into the circular flow of income is

A. Taxes
B. Pensions
C. Imports
D. Exports


Question 12:


In the circular flow of income, an increase in savings causes

A. An increase in imports
B. A decrease in the income stream
C. An increase in household consumption
D. A decrease in exports


Question 13:


If real income increases while nominal income remains the same, it can be inferred that

A. Unemployment rate has decreased
B. General prices has fallen
C. Employment rate has risen
D. General prices have risen






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