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Ans – (c) Explanation:- Continuous sectoral flow of goods and money in an  economy is known as Circular Flow.

Ans – (b) Explanation:- Real flow is the flow of factors services and goods and services across factors of production and firms.

Ans – (d) Explanation:- Capital is measured at a point of time, thus it is a stock variable.

Ans – (c) Explanation:- Depreciation is measured over a period of time, thus it is a flow variable

Ans – (a) Explanation:- Wealth is a stock as it is measured at a point of time.

Ans – (a) Explanation:- Capital is stock variable as it measured at a point of time.

Ans – (d) Explanation:- A closed Economy means, no business with rest of the world. Thus foreign Sector is not included in Closed Economy. Closed Economy Consists of Households Firms Government

Ans – (b) Explanation:- When households provide Factor services to the firms is called Real Flow.

Ans – (c) Explanation:- Money flow consists of exchange of money between households and firms. Firms pay factor payments in money to households. The households in turn purchase goods and services and pay in money.

Ans – (a) Explanation:- Two -Sector Economy only consists of Firms and Households.