Which of the following is considered as ‘Real Flow’ in the Circular Flow of Income?
Which of the following is considered as ‘Real Flow’ in the Circular Flow of Income?
(a) Flow of factor services from households to firms
(b) Flow of goods and services from firms to households
(c) Both (a) and (b)
(d) Flow of factor payments from firms to households
Anurag Pathak Changed status to publish November 18, 2023
Ans – (c)
Explanation:-
Real flow consists of flow of factor services from households to firms and Flow of goods and services from firms to households.
Anurag Pathak Changed status to publish November 18, 2023
