Fill in the blank _________ variable is a dynamic concept.
Solution:- Flow Flow variable is a dynamic concept.
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Answer
Solution:- Flow Flow variable is a dynamic concept.
Solution:- Distribution, Distribution phase involves flow of factor income from firms to the households.
Solution:- Money Money is also known as Nominal Flow.
Solution:- Goods, Services Real Flow involves exchange of Goods and Services.
Solution:- Firms, Households In a two-sector economy, Household sector supplies factor services only to Firms and the firms hire factor services only from Households.
Solution:- Physical Flow Real Flow is also known as Physical Flow.
Solution:- Flow, Flow variables are time-dimensional.
Solution:- Real Real flow determines the magnitude of the growth process in an economy.
Solution:- Stock Stock variable refers to that variable, which is measured at a particular point of time.
Solution:- Government, Foreign In a two-sector economy, there is no government and foreign sector.