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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.

Ans – (b) Explanation:- Real flow consists of factor services from households to the firm and physical goods from firms to households in return. Thus it is also called a physical flow.

Ans – (b) Explanation:- losses is a flow variable as it is measured over a period of time.

Ans – (b) Explanation:- Stock variables are measured at a particular point of time. For example, Bank balance as on 1.4.2023.

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