Circular Flow Cheat Sheet

Circular Flow Cheat Sheet

Circular Flow is tested in the Macro Exam. 

I have yet to find a Micro Exam question about circular flow.

Since it is listed in the AP Micro curriculum you should still understand.

2000 AP Macro

Answer - (D) Households are demanders in the product market and suppliers in the factors market.

Households Demand Goods & Services and supply Land, Labor, & Capital, FOP.

1995 AP Macro

Answer - (D) II & III

Households sell factor services to Firms. (Land, Labor, Capital)

Households buy outputs from Firms. (Goods & Services)

2005 AP Macro

Answer - (E) Savings (Paradox of Thrift)

Paradox of Thrift in 60 Seconds