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Question : 7
Total: 52
On the basis of the figure given below, identify the type of flow indicated by B and D:
(Choose the correct alternative)
(Choose the correct alternative)
Solution:
Real flow
Explanation: Flow indicated by B and D is Real Flow. Real flow means flow of goods and services from one sector to another. B indicates flow of goods and services from firms to household sector. D indicates flow of factor services i.e., land, labour, capital, enterpreneurial skills from household sector to firms.
Explanation: Flow indicated by B and D is Real Flow. Real flow means flow of goods and services from one sector to another. B indicates flow of goods and services from firms to household sector. D indicates flow of factor services i.e., land, labour, capital, enterpreneurial skills from household sector to firms.
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