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Solution:- Ans – (b) Explanation:- The money value of total production is equal to total consumption in case of circular flow in two sector economy as savings are zero. Thus Assertion is true. As there are only two sectors Households…
Solution:- Ans – (c) Assertion (A) is true as the stock variable does not have a time dimension as it is measured at a point of time. Thus Assertion (A) is true and Reason (R) is False.
Solution:- Ans – (a) correct Savings are assumed to be zero in two sector economy and households spend the entire factor income on consumption of goods and services. Thus, Assertion and Reason both are true and Reason (R) is the…
Distinguish between stock and flow Basis Stock Flow Meaning Stock variable refers to that variable, which is measured at a particular point of time Flow variable refers to that variable, which is measured over a period of time Time Dimension…
The four factors of production are Land Labour Capital Entrepreneur Remunerations of Four factors of productions Factors of Production Remuneration Land Rent Labour Wages Capital Interest Entrepreneur Profit
The four major sectors in an economy according to the macroeconomics point of view are: 1. Household Sector: It includes consumers of goods and services and also the owners of factors of production. They supply factors like land, labour, capital…
Basis Microeconomics Macroeconomics Meaning Microeconomics is that part of economic theory which studies the behaviour of individual units of an economy. Macroeconomics is that part of economic theory which studies the behaviour of aggregates of the economy as a whole.…
Solution:- Macroeconomics Macroeconomics deals with study of employment level in the economy.
Solution:- Stock ₹ 2,000 note lying in wallet of Rohini, a student is an example of Stock.
Solution:- Nominal Flow Flow of factor payments and payments for goods and services between households and firms is known as Nominal Flow