Which of the following is considered as a part of nominal flow in the circular flow of income?
Ans – (b) Flow of factor payment from firms to household is the part of nominal flow.
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In a two-sector economy, firms depend on the households for supply of:
Ans – (b) In a two sector economy, firms depend on the households for supply for factor inputs.
Which of the following is considered as ‘Real Flow’ in the Circular Flow of Income?
Ans – (c) Explanation:- Real flow consists of flow of factor services from households to firms and Flow of goods and services from firms to households.
Inventory is a _________ concept, whereas the change in inventory is a ___________ concept.
Ans – (a) Inventory is a Stock concept, whereas the change in inventory is a Flow Concept.
Which of the following is included in Real Flow?
Ans – (c) Explanation:- Real Flow included the flow of services and flow of goods across households and firms.
In a two-sector economy, _________ depend on ___________ for supply of factor services.
Ans – (a) Explanation:- In a two-sector economy Firms depend on Households for supply of factor services.
Continuous sectoral flow of goods and money in an economy is known as ____________ .
Ans – (c) Explanation:- Continuous sectoral flow of goods and money in an economy is known as Circular Flow.
Flow of Goods and services and factors of production across different sectors in a barter economy is known as:
Ans – (b) Explanation:- Real flow is the flow of factors services and goods and services across factors of production and firms.
Which of the following is a stock?
Ans – (d) Explanation:- Capital is measured at a point of time, thus it is a stock variable.
Which of the following is a flow?
Ans – (c) Explanation:- Depreciation is measured over a period of time, thus it is a flow variable