On the basis of the figure given below, identify the type of flow indicated by B and D
On the basis of the figure given below, identify the type of flow indicated by B and D.
(a) Real flow
(b) Money flow
(c) Nominal flow
(d) National flow
Anurag Pathak Changed status to publish November 13, 2023
Solution:-
Answer:Â (a) – Real Flow
B and D show the Real Flow. Real flow refers to the movement of commodities and services from one sector to another.
D refers to the flow of factor services such as land, labor, capital, and entrepreneurial skills from the household to the firm.
B denotes the flow of goods and services from firms to households.
Anurag Pathak Changed status to publish November 13, 2023
