Question : The flow of factor services from households to firms and corresponding flow of goods and services from firms to household. This mechanism is known as _____________.
Option 1: Real flow
Option 2: Money flow
Option 3: Stock
Option 4: None of these.
Answer (1)
24th Jan, 2024
Correct Answer: Real flow
Solution :
Real flow is the flow of goods and services between firms and households. It is also known as physical flow as it involves exchange of goods and services. It helps to determine the magnitude of growth process in the economy.
Hence, Option A is correct.
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