Which of the following is considered as a part of nominal flow in the circular flow of income?
Which of the following is considered as a part of nominal flow in the circular flow of income?
(a) Flow of goods and services from firms to households
(b) Flow of factor payment from firms to household
(c) Flow of factor services from households to firms
(d) All of these
Anurag Pathak Changed status to publish November 18, 2023
Ans – (b)
Flow of factor payment from firms to household is the part of nominal flow.
Anurag Pathak Changed status to publish November 18, 2023
