The circular flow diagram divides the economy into:
a. Household sector and business sector.
b. Real sector and nominal sector.
c. Domestic sector and foreign sector.
d. Agricultural sector and non-agricultural sector.
e. None of the above is correct.
Question 2
Which of the following is not included in a nation's balance of payments?
a. International interest and dividend earnings.
b. International real estate transactions.
c. Changes in a nation's money supply due to a new required reserve ratio.
d. All of the above are included in the balance of payments.
Basic brain diagram
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Links to the World Economy
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